According to the company's release, Reliance Communications has been undergoing the Corporate Insolvency Resolution Process (CIRP) and is currently managed entirely by the Resolution Professional, under the supervision of the NCLT and its Committee of Creditors (CoC), led by the State Bank o
The new Board of Management will consist of the Executive Director, Key Managerial Personnel (KMP), and other senior business leaders within the company.
Reliance Infrastructure Limited has denied allegations of fund diversion and said it has informed stock exchanges that it had publicly disclosed the company's financial statements.