China’s CDB withdraws insolvency petition against India’s RCom – Business Insider

FILE PHOTO: A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai Thomson Reuters MUMBAI (Reuters) – China Development Bank (CDB), the biggest foreign lender to India’s Reliance Communications Ltd (RCom) , on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency. A lawyer…