Dues worth upto Rs 90,000 crore is expected to be claimed from Reliance Communications (RCom) by its lenders. It is almost double the Rs 46,000 crore debt that the telco has on its books, making it among the highest demand from companies that have gone for insolvency.The lenders include Indian and global banks as well as operational creditors including the government, mobile phone companies, and telecom tower firms. They have started submitting demands for dues to RBSA Advisors LLP, the interim resolution professional (IRP) appointed to oversee the insolvency process of the Anil Ambani-owned telco, according to reports.
“The last date to send claims is 21 May. As per calculations, dues worth Rs 75,000 to 90,000 crore will be asked for. The total amount may go beyond that,” a source familiar with the matter said. Besides the national banks, Chinese lenders and bondholders will demand their dues along with interests. This is one of the largest claim amount seen in an insolvency case.