Anil Ambani’s resignation rejected

Anil Ambani’s resignation rejected

Agency News

Mumbai, 25 November 2019: The lenders of Reliance Communications (RCom) have rejected the resignations given by Anil Dhirubhai Ambani and four other directors.

According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20. The RCom lenders have appealed to the five directors to continue holding their posts till the insolvency resolution process of the company is completed.

Apart from Mr Ambani, Ryna Karani, Chhaya Virani, Manjari Kacker, Suresh Rangachar had also resigned from their posts in the company.

"The Committee of Creditors of Reliance Communications Limited (RCOM) at its meeting held on November 20, 2019, considered the resignations tendered by the following directors and expressed a unanimous view that the resignations cannot be accepted," read the letter by the company's general secretary to stock exchanges BSE and NSE. "It also instructed the Resolution Professional to convey to the directors to continue with their duties and responsibilities as directors and provide all cooperation in the corporate insolvency resolution process," it added.