Debt-ridden RCom's committee of creditors to meet on May 30

The committee of creditors of debt-ridden telecom firm Reliance Communications is scheduled to meet on Thursday, the company said in a regulatory note. "...a meeting of committee of creditors will be held on May 30, 2019," RCom said in the note on Wednesday.

The Anil Ambani-led firm is under the corporate insolvency resolution process, and Mumbai bench of the National Company Law Tribunal has appointed Pradeep Kumar Sethi to manage affairs, business and assets of RCom as interim resolution professional. The company is estimated to have a total debt of over Rs 45,000 crore, which includes exposure of public sector banks also.