27 ! ||Why RCom assets melted
As the net worth of Anil Ambani-led RCom nosedived from over Rs 37,000 crore to around Rs 10,000 crore in the last two years, the Supreme Court on Monday asked where did the assets of the company disappear and sought response from RCom's resolution professional.
A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah expressed surprise when senior advocate Shyam Divan, appearing for the resolution professional appointed to manage the affairs of the company after insolvency proceedings were initiated, said the liquidation value of the company was around Rs 10,000 crore.
The bench pointed out that the net worth of the company was around Rs 37,000 crore as that figure was mentioned in the apex court judgement of 2018 when the court was hearing the legal battle between RCom and Ericsson India over clearing of dues.
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27 ! ||Why RCom assets melted As the net worth of Anil Ambani-led RCom nosedived from over Rs 37,000 crore to around Rs 10,000 crore in the last two years, the Supreme Court on Monday asked where did the assets of the company disappear and sought response from RCom's resolution professional. A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah expressed surprise when senior advocate Shyam Divan, appearing for the resolution professional appointed to manage the affairs of the company after insolvency proceedings were initiated, said the liquidation value of the company was around Rs 10,000 crore. The bench pointed out that the net worth of the company was around Rs 37,000 crore as that figure was mentioned in the apex court judgement of 2018 when the court was hearing the legal battle between RCom and Ericsson India over clearing of dues.
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