Reliance Communication (RCom) has received bids of about 25,000 crore for its assets, with Reliance Jio placing bids of 4,700 crore for its mobile tower and fibre as-sets, while UV Asset REcon-struction Company (UVARC) has placed bids of around 16,000 crore for spectrum, real estate assets as well as the enterprise and data centre businesses. The bidder have agreed to pay around 7,500 crore, or 30% of the total proceeds, within three months. The Committee of Creditors CoC) met n Monday. It was decided that the lenders will claw-back priority payments-of 4,300 crore made to Chinese and Indian lenders, a source in the know of the development told The Hindu. RCom mobile tower and fibre assets are focused under its subsidiary Reliance Infratel Ltd. (RITL), while spectrum, real estate assets as well as the enterprise and data centre businesses are held in RCom and T=Reliance Telecom Ltd. (RTL). A Reliance Jio spokesperson Declined to offer any comment. The leaders will start recovering the monetisation proceeds from March 2020. The CoC members will obtain their respective board approvals so that they can put a final vote on the resolution plans on January 31, 2020, ahead of the National Company Law Tribunal (NCLT) filling on February 3, 2020. With this, 38 lenders of RCom are expected to recover 25,000 crore of the total outstanding dues of 49,000 crore, making it the highest-ever recovery of dues by financial creditors in the telecom sector, that has seen the exit or shutdown of nine out of 12 telecom companies since 2012. The Company secured debt is estimated to be around 33,000 crore. Lenders have submitted claims of around 49,000 crore in August, 2019. RCom chairman Anil Ambani had tendered his resignation after the company posted a consolidated loss of 30,142 crore for the July-September quarter due to provisioning for liabilities after the Supreme Court ruling on statutory dues. This was the second-highest loss posted by any Indian corporate till date. However, the CoC rejected Mr. Ambani resignation and asked him to cooperate in the insolvency proceedings. RCom shares on the BSE declined 2.41% to close at 0.81 in a firm Mumbai market on Tuesday, valuing the company at 224 crore. The deal makes it the highest-ever recovery of dues by financial creditors in the telecom sector RCom secured debt is estimated at 33,000 crore. Lenders had submitted claims of about 49,000 crore. Jio UVARC emerge top bidders for RCom.