Regulatory22 Apr 2026, 05:51 pm
Reliance Communications: CBI Seizure Operation at Premises
AI Summary
On April 21, 2026, the Central Bureau of Investigation (CBI) conducted a seizure operation at the office premises of Reliance Communications Limited in Navi Mumbai. The CBI seized original records and documents related to non-convertible debentures and commercial papers issued to the Life Insurance Corporation of India between 2009 and 2016. The operation was conducted under Section 106 of the Bhartiya Nagarik Suraksha Sanhita, 2023. Reliance Communications is undergoing corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016.
Key Highlights
- CBI conducted a seizure operation at Reliance Communications' office on April 21, 2026.
- The seizure involved original records related to debentures and commercial papers issued to LIC.
- The operation was under Section 106 of Bhartiya Nagarik Suraksha Sanhita, 2023.
- The company is currently undergoing corporate insolvency resolution process.
- The company states that the seizure is not expected to impact financials or operations.