Battery dealer Smartphone withdraws insolvency plea against RCom – Hindu Business Line

In another relief for debt-laden Reliance Communications, Mumbai-based Smartphone has withdrawn a petition seeking insolvency of the company filed before the National Company Law Tribunal (NCLT). The petition, filed under Insolvency and Bankruptcy Code (IBC), was withdrawn on Friday. Smartphone is a wholesale dealer of batteries and had supplied to telcos, including RCom. The Mumbai…

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