Manipur, Nov. 16 -- Reliance Group chairman Anil Ambani has resigned from his position as director of Reliance Communications (RCom), along with four others today, as the bankrupt telecom operator nears the sale of its assets under the process of insolvency.

Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from the post of director, the company said in a filing to the Bombay Stock Exchange (BSE) on Saturday.

"Your good office may also note that Shri Manikantan V, has also tendered his resignation as a director and Chief Financial Officer of the Company earlier. The aforementioned resignations shall be put up to the committee of creditors of the Company for their consideration," the filing added.

The de...