Mukesh Ambani controlled Reliance Industries may become the first company to throw its hat into the ring for bankrupt firm, Reliance Communications which was the flagship company of his younger brother Anil Ambani group. Reliance Jio plans to submit the bid for the assets of RCom that will come up for sale during the insolvency process. In March, with a dramatic intervention, Mukesh Ambani saved his younger brother from imprisonment by paying the dues of Rs 580 crore owed by Anil firm to the Swedish telecom equipment maker Ericsson.