RCom said that it has received a letter from Bank of Baroda on September 2, informing the decision to declare the loan accounts of the company and its promoter Anil Ambani as fraud.
Crippled Reliance Communications (RCom) announced yet another debt revival plan today claiming full debt resolution by March but without involving any conversion of debt into equity and exiting the SDR framework, apart from coming on-board of a strategic investor.
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