State Bank of India (SBI) has decided to forward the names of Reliance Communications (RCom) and its directors or guarantors for listing as wilful defaulters, RCom said in a statement on Wednesday, adding that its representations to the bank had been rejected and its name would be shared with credit information companies for listing.
RCom, which is currently undergoing insolvency proceedings through the corporate insolvency resolution process (CIRP), said in a statement to the BSE that it had received a letter dated October 31 from SBI on November 3, confirming the rejection of its representations against being classified as a wilful defaulter.
RCom, however, said the classification was not expected to have any impact and legal…