RCom to appeal NCLT stay order against Reliance Infratel asset sale


India's Reliance Communications Ltd (RCom) will appeal a court order that stays the sale of some telecom assets of one of its units, the company said in a statement on Monday.

The National Company Law Tribunal, India's designated court for bankruptcy cases, on Monday stayed the sale of assets of Reliance Infratel Ltd in response to a petition filed by HSBC Daisy Investments (Mauritius) Ltd, local media reported. RCom will file an appeal before an appellate tribunal challenging the stay, a company spokesman said, adding that.....

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