RCOM PMLA: Tribunal Upholds ED Attachments in 2026

What the latest PMLA orders mean for RCOM

Reliance Communications Limited (RCOM) has told exchanges that the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA) has confirmed provisional attachment orders covering assets of the company and its subsidiaries. The confirmation came through orders dated April 10, 2026. The company said these confirmations relate to provisional attachment orders issued earlier by the Enforcement Directorate (ED) in November 2025. The ED action is linked to alleged “proceeds of crime”, as per the disclosure.

RCOM also flagged the operational and investment impact of the attachments in the context of its ongoing insolvency process. The company stated that its affairs, business, and assets are being managed by the resolution professional. It also said it is seeking legal advice on the way forward.

Tribunal confirmation of ED’s November 2025 provisional attachments

In its filing, RCOM said the Adjudicating Authority passed orders on April 10, 2026 confirming the attachment of property under multiple provisional attachment orders. The filing specifically cites PAO No. 32/2025, PAO No. 36/2025, and PAO No. 40/2025. These were issued by the ED in November 2025.

The confirmed attachments relate not only to RCOM but also to its wholly-owned subsidiaries Campion Properties Ltd (CPL) and Reliance Realty Ltd (RRL). This matters because several of the assets cited are held at the subsidiary level, even though the wider proceeding references RCOM.

Key New Delhi asset: 3.7-acre land lease and Reliance Centre

Among the assets highlighted in the disclosure is a prime land parcel in the national capital. The company said the order covers a “lease of plot of land admeasuring 3.7 acres” at Maharaja Ranjit Singh Marg, New Delhi. The property contains a building named Reliance Centre. The filing notes that this asset is held by Campion Properties Ltd.

Such marquee real estate is often central to creditor recovery discussions during insolvency, and the confirmation of attachment adds a legal layer that stakeholders must navigate alongside the resolution process.

Maharashtra industrial land: 132.07 acres at Trans Thane Creek

The filing also points to a large industrial land parcel in Maharashtra. It notes confirmation of attachment of “plot No Gen-1/2 admeasuring about 5,34,468.32 m2 (132.07 acres)” at Trans Thane Creek Industrial Area. This asset is held by Reliance Realty Ltd.

The size and industrial zoning of the land make it a significant property in the context of RCOM’s wider asset base. But the disclosure does not quantify the monetary value of the attached properties.

Other properties across multiple cities

Beyond New Delhi and Maharashtra, the confirmed attachments span multiple locations. RCOM’s filing mentions office space in Bhubaneswar, commercial and industrial properties in Chennai, and land parcels in Pune. It also references multiple buildings in Navi Mumbai, including those in Millennium Business Park and Dhirubhai Ambani Knowledge City.

The geographic spread indicates that the attachment action is not limited to a single project or region. The filing, however, does not provide a consolidated list with individual property values.

Insolvency proceedings and the resolution professional’s role

RCOM said it is undergoing insolvency proceedings and that its affairs, business, and assets are being managed by the resolution professional. This is relevant because any restriction on asset use, transfer, or monetisation can complicate resolution timelines and negotiations.

RCOM also warned that the attachments could severely impact its business operations and investments due to the ongoing insolvency process. The company said it is taking legal advice on how to proceed after the confirmation orders.

Reliance Infrastructure’s clarifications and its separate ED order

Separately, Reliance Infrastructure Limited issued a clarification dated February 26, 2026 after media reports about a provisional attachment order. It said it became aware of the news via media reports and an ED press release dated February 25, 2026. Reliance Infrastructure stated that the enforcement action pertains to Reliance Communications Limited under PMLA, 2002, and does not pertain to Reliance Infrastructure. It added that no regulatory disclosure was warranted from its end on that specific media report.

At the same time, Reliance Infrastructure has separately disclosed that it received its own ED provisional attachment order dated January 28, 2026. The company said the order impacts shareholdings in three subsidiaries worth about ₹1,575 crore and relates to alleged PMLA violations during 2017 to 2019. The company disclosed this on February 06, 2026 under Regulation 30 and said it plans to take appropriate legal action to protect shareholder interests.

ED’s broader Reliance Group attachments cited in reports

Other reports included in the provided material cite additional ED attachment actions in money laundering probes linked to Reliance Group companies. One ED statement references a fresh attachment with a total value of ₹1,885 crore, including bank deposits of ₹148 crore and receivable worth ₹143 crore said to be in the hands of Value Corp Finance And Securities Limited. It also mentions attachment of some immovable properties and certain financial assets, including shareholdings.

Another report cites ED attaching fresh assets worth ₹1,120 crore and says the total attachment in the case against the Reliance Group is now ₹10,117 crore. A separate report cites that with another action the total value of attachment in a case stood at about ₹12,000 crore. These figures relate to the broader set of cases mentioned, including RHFL, RCFL, the Yes Bank “fraud” case, and an alleged fraud involving Reliance Communication Ltd, as per the ED’s statement cited.

Key facts and dates at a glance

Market impact and why investors are watching

For RCOM, the immediate issue is procedural and asset-specific: confirmation of attachment under PMLA can constrain how assets are dealt with, especially while insolvency proceedings are underway. The company has itself indicated potential severe impact on operations and investments and said it is evaluating legal steps.

For Reliance Infrastructure, the picture is bifurcated in the provided material. It has denied that one set of media reports pertains to it, citing the ED press release of February 25, 2026 as relating to RCOM. But it has also separately disclosed an ED order affecting subsidiary shareholdings worth about ₹1,575 crore, and said it will pursue legal action.

Conclusion

The Adjudicating Authority’s April 10, 2026 orders confirming ED’s November 2025 provisional attachments add a significant legal development for RCOM and its wholly-owned subsidiaries CPL and RRL. The assets cited span prime and industrial land as well as office and commercial properties across multiple cities. RCOM has said it is under insolvency management by a resolution professional and is taking legal advice on the next steps, which are likely to shape how the company addresses the confirmed attachments within the resolution framework.