RCOM: Adjudicating Authority Confirms ₹581.65 Crore Property Attachment under PMLA
Reliance Communications Limited (RCOM) has been notified of an order by the Adjudicating Authority under PMLA confirming the provisional attachment of its properties valued at ₹581.65 crore. The attachment is made under Section 5(1) of the PMLA and will remain in force for up to 365 days. RCOM stated there is no immediate impact on its operations.
The attachment of ₹581.65 crore worth of properties directly impacts the company's assets and financial standing, potentially affecting its ability to resolve insolvency proceedings.
The confirmation of attachment of significant company assets under the Prevention of Money Laundering Act is a negative development for the company.
Reliance Communications Limited (RCOM) has received an Order dated August 25, 2026, from the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA), New Delhi. This order confirms the provisional attachment of certain movable and immovable properties belonging to the Company, with an aggregate value of ₹581.65 crore.
The attachment, made under Section 5(1) of the PMLA, arises from Provisional Attachment Order No. 19/2026 dated March 11, 2026, issued by the Directorate of Enforcement (ED). The Adjudicating Authority's order specifies that the attachment will remain in force during the investigation for a period not exceeding 365 days or until the conclusion of proceedings before the Special Court under PMLA.
The Order also states that an appeal can be filed before the Appellate Tribunal within 45 days from the receipt of the Order. The company has indicated that there is no immediate impact on its business operations. The details of the properties covered under the attachment are outlined in pages 55 to 61 of the Order. RCOM is currently under corporate insolvency resolution process.
A plain-language summary of a public exchange filing by Reliance Communications Limited. Read the original for the full detail.