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.
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.
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.
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.
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.
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.”
July 03, 2019 4:56 am
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.
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.
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.”