The top court also directed the company and its secured lenders to file an appeal before the National Company Law Appellate Tribunal (NCLAT) on a stay granted by an arbitration court on the sale of RCom's tower and fibre assets.
RCom will file an appeal on Friday and it is "confident of securing appropriate relief from the NCLAT to enable sale of tower and fibre assets to also be completed at the earliest," the company said in a statement.
The National Company Law Tribunal had prevented RCom from selling any asset without its permission, following a legal challenge from Swedish telecoms gear maker Ericsson, seeking payment of unpaid dues of Rs 1,155 crore ($177.7 million) by RCom and two of its units.
"There is now no bar in immediately completing the asset sale of spectrum, MCNs and real estate, and the same shall be concluded expeditiously," the company, backed by businessman Anil Ambani, said.
RCom shares closed 4.5 percent up in the Mumbai market that closed up 1.94 percent.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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