SBI Likely To Push For Deloitte As RCom’s Interim Resolution Professional

Reliance Communications’ lead lender the State Bank of India (SBI) has shortlisted Deloitte as the interim resolution professional (IRP) to manage the bankrupt telecom operator, ET reported.

Deloitte was picked from a list of 30 IRPs of which Duff & Phelps, RBSA Advisors, were among the bidders, sources told the paper.

The move, the paper quoting sources said, could have surprised the other Committee of Creditors (CoC) members since Deloitte’s financial bid for carrying out the resolution was higher than its competitors.

The public sector lender is likely to propose Deloitte as the RP on Tuesday, the paper said, adding that the National Company Law Tribunal (NCLT) will name the IRP proposed by the CoC as well.―CNBC TV18