General Announcement::Disclosure of Appointment of Resolution Professional

Issuer & Securities

Issuer/ Manager
RELIANCE COMMUNICATIONS LIMITED
Securities
RELIANCEUS$300M6.5%N201106 - XS1216623022 - 29EB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Jun-2019 14:27:13
Status
New
Announcement Sub Title
Disclosure of Appointment of Resolution Professional
Announcement Reference
SG190625OTHRRR87
Submitted By (Co./ Ind. Name)
Prakash Shenoy
Designation
Company Secretary
Effective Date and Time of the event
25/06/2019 11:50:00
Description (Please provide a detailed description of the event in the box below)
The committee of creditors ( CoC ) of the Corporate Debtor, pursuant to the meeting held on May 30, 2019 and in terms of Section 22 (2) of the Code, resolved, with requisite voting share, to replace the existing Interim Resolution Professional with Mr. Anish N. Nanavaty as the resolution professional ( RP ) for the Corporate Debtor.

Accordingly, the CoC had filed an application before the NCLT for the appointment of the undersigned as the RP. The NCLT has in its hearing dated June 21, 2019 orally pronounced the approval for the appointment of Anish N. Nanavaty as the RP of the Corporate Debtor with immediate effect ( Order ).

Kindly note that a copy of the Order has not been published and is currently awaited, however, in the interest of good corporate governance, the undersigned is making the intimation to your good office. Pursuant to the Order being made available by the NCLT, the RP shall act in pursuance of the Order.

Attachments

RCOM_AppointmentofRP_CoC_25062019.pdf
Total size =27K