Reliance Communications

Reliance Communications News

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

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.

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

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.”

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

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

Release of income tax refunds: NCLAT reserves order on Reliance Communications plea

Reliance Communications has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson.

Reliance Communications urges lenders to release Rs 260 cr to Ericsson

"RCom is confident of raising the balance approx Rs 200 crore for payment to Ericsson, in order that the entire Rs 550 crore plus interest thereon stands paid to Ericsson well within the time of 4 weeks allowed by the Hon’ble Supreme Court," the spokesperson said.

Pay Rs 453 crore in 4 weeks or go to jail, Supreme Court tells Anil Ambani

A bench of justices R F Nariman and Vineet Saharan pronounced the verdict after Ericsson dragged Anil Ambani to court after RCom failed to clear its dues despite having given an undertaking, according to the petitioner's counsel, to pay the amount.

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What is the contempt case against Anil Ambani's Reliance Communications?

After Rcom, which has a debt of more than Rs 47,000 crore, failed to pay Ericsson, it moved an insolvency petition in the National Company Law Tribunal (NCLT).

Anil Ambani appears before SC in connection with Ericsson case against RCom over Rs 550 crore dues

RCom had moved the Supreme Court on January 4 for initiation of contempt proceedings against RCom after the company failed to comply with a SC order to clear its due by December 15, 2018.

Anil Ambani's Reliance Communications to opt for insolvency

In September last year, Ambani had announced that the cash-strapped Reliance Communications will be completely exiting the telecom business to concentrate on real estate in future.

Resolve issues over past dues by January 11: Supreme Court asks RCom, RJio

Supreme Court seeks response from RCom Chairman Anil Ambani on a plea by Ericsson seeking contempt proceedings against him for failing to clear dues.

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