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HomeNews News Supreme Court halts RCom asset sale to Reliance Jio Supreme Court halts RCom asset sale to Reliance Jio

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Supreme Court halts RCom asset sale to Reliance Jio

Supreme Court halts RCom asset sale to Reliance Jio

Monday, April 16, 2018, 9:18 PM
The Supreme Court on Monday stayed a National Company Law Appellate Tribunal (NCLAT) order that had allowed for the partial sale of assets of Reliance Communications Ltd (RCom) to Reliance Jio Infocomm until the tribunal decides on the case. The top court order effectively halts the RCom-Jio deal worth Rs 25,000 crore to the extent of sale of tower and fibre assets.
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