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RCom RP files curative petition, challenging February SC spectrum ruling
Business Standard 1 hr ago·18 Oct 2026, 2:48 pm
Reliance Communications (RCom) has filed a curative petition with the Supreme Court to challenge its February ruling. The court had previously decided that the company's spectrum assets cannot be included in the bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC). RCom's resolution professional argues that this specific exclusion causes significant, irreversible harm to the lenders involved in the case.
This legal move is critical for the resolution of RCom's massive debt crisis. The outcome will determine the exact value of the company's assets and the recovery prospects for creditors. It also sets a significant precedent for how other telecom companies might handle similar disputes involving spectrum and insolvency.
Investors should watch for the Supreme Court's response to this petition. A rejection of the current ruling could reopen the valuation of RCom's assets, while an acceptance would likely finalize the current asset allocation plan and bring the long-running insolvency process closer to a conclusion.
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