Stock advisory Company: Tech Mahindra files insolvency petitions against Reliance Communications

Tech Mahindra Ltd has filed three cases against Reliance Communications Ltd (RCom) and two of its subsidiaries—Reliance Telecom Ltd and Reliance Big TV Ltd—in the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC).


Tech Mahindra joins Ericsson India Pvt. Ltd, another operational creditor of RCom, to approach the court demanding its dues from the beleaguered telecom firm of the Anil Dhirubhai Ambani Group (ADAG).

The petitions are yet to be admitted and the cases will be heard on 9 October. According to a copy of the petitions viewed by Mint, Reliance Communications owes Rs3.6 crore and Reliance Telecom owes Rs3 crore to Tech Mahindra. Reliance Big TV owes Rs1.5 crore to the IT firm. These cases were filed on 26 September.

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