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BRIEF-China Development Bank confirms it has filed insolvency case against India's Reliance Communications
November 28, 2017 / 2:00 PM / 13 days ago

BRIEF-China Development Bank confirms it has filed insolvency case against India's Reliance Communications

Nov 28 (Reuters) - China Development Bank :

* SAYS SAYS CONFIRMS IT HAS FILED INSOLVENCY CASE AGAINST INDIA‘S RELIANCE COMMUNICATIONS

* SAYS IT HAS SENT THE NOTICE TO RELIANCE COMMUNICATIONS

* SAYS A LARGE AMOUNT OF CDB LOAN PRINCIPAL AND INTERESTS TO RELIANCE ARE OVERDUE

* SAYS WILL WORK WITH RELEVANT PARTIES TO WORK ON RESTRUCTURING VIA LEGAL PROCESS

* SAYS THE CASE WAS FILED WITH INDIA‘S NATIONAL COMPANY LAW TRIBUNAL (NCLT) ON NOV 24 Further company coverage: (Reporting by Hong Kong newsroom)

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