Reliance Communications Limited (NSEi:RCOM) committee of creditors is likely to seek extension of debt sale process beyond January 10, 2020 till February 2020 end from the National Company Law Tribunal, according to sources. The committee of creditors (CoC) is scheduled to meet to consider bids of Reliance Jio, Airtel, Varde and UVARCL. As per the NCLT order, CoC has to complete the entire process by January 10.

But, now, CoC will seek extension of deadline till February-end," one of the sources who is involved in the process told PTI. Bharti Airtel Limited (BSE:532454), Reliance Jio Infocomm Limited, Varde Capital and UV Asset Reconstruction Company Limited have submitted bids to buy assets of RCOM.