Tuesday, Nov 29, 2022

Reliance Communications


Relief for Anil Ambani as Delhi HC stays IBC proceedings in Rs 1,200 crore loan default case

August 27, 2020 4:05 pm

Earlier, the Mumbai bench of the National Company Law Tribunal (NCLT) had allowed the initiation of insolvency proceedings against Anil Ambani after two companies promoted by him - Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) - failed to pay dues of Rs 1,200 crore borrowed from SBI.

DoT yet to submit evidence to back up its Rs 21,135-crore AGR claims to Reliance Communications RP

March 10, 2020 9:29 pm

The Indian Express has learnt. The delay by the DoT comes even as the Committee of Creditors (CoC), led by State Bank of India (SBI), approved a Rs 23,000-crore plan for the resolution of RCom last week.

SC rejects Centre's plea challenging refund of Rs 104 crore ordered by TDSAT to RCom

January 07, 2020 11:40 am

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) had on December 21, 2018, directed the Centre to return around Rs 104 crore after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.

RCom shares hit upper circuit for sixth time; gain over 42 per cent in nine sessions

November 29, 2019 4:51 pm

On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.

Lenders reject resignations of Anil Ambani, four other RCom directors

November 25, 2019 1:03 am

In a BSE filing, RCom said its Committee of Creditors (CoC) met on November 20 and expressed a unanimous view that the resignations of the directors cannot be accepted.

Anil Ambani dragged to court by Chinese banks for $680 million unpaid loan

November 09, 2019 9:46 pm

Anil Ambani says that while he agreed to give a non-binding “personal comfort letter,” he never gave a guarantee tied to his personal assets -- an “extraordinary potential personal liability.”

Anil Ambani's RCom's bankruptcy begins; next hearing on May 30

May 09, 2019 3:16 pm

At the last hearing, Rcom, through the existing resolution professional, had sought 357 days (from May 30, 2018, to April 30, 2019) exclusion in the insolvency process citing the stays it had on the process by the appellate tribunal and the Supreme Court.

RCom shares jump after Mukesh Ambani bails out brother Anil on Ericsson dues

March 19, 2019 10:25 am

Shares of RCom rose as much as 10 per cent to 4.4 rupees, in their biggest daily per cent gain since February 26. 

Anil Ambani pays up, thanks 'respected elder brother Mukesh, Nita'

March 19, 2019 12:29 pm

Anil Ambani said, “My sincere and heartfelt thanks to my respected elder brother, Mukesh, and Nita, for standing by me during these trying times, and demonstrating the importance of staying true to our strong family values by extending this timely support.”