Anil Ambani's RCom moves bankruptcy court to resolve debt burden

Reliance Communications on Friday said it will seek fast track resolution through National Company Law Tribunal in Mumbai for its debt crisis. The Anil Ambani-controlled company owed banks $7 billion as of March 2017, when it last made its debts public. Last September, Anil Ambani had announced that RCom would shut its telecom business to focus on real estate.