RCom says Supreme Court lifts ban on assets sale

Debt-laden telecoms firm Reliance Communications Ltd (RCom) said on Thursday that Supreme Court has lifted a ban on sale of its assets, and has ordered secured lenders to proceed with the sale.

RCom also said it will file an appeal before the National Company Law Appellate Tribunal (NCLAT) on Friday.

The company is "confident of securing appropriate relief from the NCLAT to enable sales of tower and fibre assets to also be completed at the earliest," it said in a statement.