Reliance Communications Limited (RCOM), which is currently undergoing a corporate insolvency resolution process (CIRP), has disclosed that the Bank of Maharashtra has classified the company’s loan account as ‘fraud’. Reliance Communications received the formal letter detailing the classification, dated October 4, 2025, on October 24, 2025.
The classification relates to credit facilities extended by the bank’s Fort Branch in Mumbai. The company has two accounts mentioned: a Debit Balance in a Current Account with an outstanding balance of Rs 488.78 Crores as of September 30, 2025 (excluding interest), and a Letter of Credit facility with a limit of Rs 500.00 Crores and an outstanding balance of Rs 0.00.
Details of…