The National Company Law Tribunal, the designated court for bankruptcy cases, on Monday stayed the sale of assets of Reliance Infratel Ltd in response to a petition filed by HSBC Daisy Investments (Mauritius) Ltd, local media reported.
RCom will file an appeal before an appellate tribunal challenging the stay, a company spokesman said, adding that the stay only pertained to the firm's tower and fibre assets.
Separately, an arbitration tribunal last week barred the debt-laden RCom from selling assets without its permission in a case of money owed to Swedish telecom gearmaker Ericsson.
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