Supreme Court dismisses RCOM's review petitions in spectrum sale case
The Supreme Court dismissed Reliance Communications' and its subsidiary Reliance Telecom's review petitions concerning Civil Appeals No. 4570 and 4571 of 2021. The court found no error in its prior judgment, impacting RCOM's resolution plan for spectrum asset sale. Approval of resolution plans remains pending before NCLT.
The Supreme Court's decision directly affects the company's resolution plan, which is critical for its financial and operational future. The uncertainty surrounding the sale of spectrum assets and the pending NCLT approval indicates a significant impact.
The dismissal of review petitions by the Supreme Court has a negative impact on the company's ongoing resolution process, particularly concerning the sale of spectrum assets, and further delays the finalization of its resolution plan.
Reliance Communications Limited (RCOM) announced that the Hon’ble Supreme Court of India has dismissed the Review Petitions filed in Civil Appeal No. 4570 of 2021 concerning the Company, and in Civil Appeal No. 4571 of 2021 concerning its subsidiary, Reliance Telecom Limited (RTL).
The dismissal order, dated July 28, 2026, was uploaded on September 8, 2026. The Supreme Court held that there was no apparent error in its previous judgment dated February 13, 2026, and no grounds for review under Order XLVII Rule 1 of the Supreme Court Rules, 2013 were established.
This order is expected to impact the company's resolution plan, which includes the sale of the right to use spectrum as a company asset. The approval of the resolution plans for both RCOM and RTL is currently sub-judice before the Hon’ble NCLT, Mumbai Bench. The company is further examining the financial and operational implications of this Supreme Court order.
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