Reliance Communications

Chinese banks demand $2.1 billion from Anil Ambani's Reliance Communications

Reliance Communications on Monday released list of financial creditors that are claiming Rs. 57,382 crore under bankruptcy proceedings.

published on : 18th June 2019

Reliance Communications lenders claim Rs 49,193-crore dues

Interim Resolution Professional (IRP) Pardeep Kumar Sethi has admitted claims of Rs 47,038.79 crore with the remaining amount being put for verification.

published on : 1st June 2019

Ericsson considering new clauses to avoid Reliance Communications like situations

Ericsson signed managed services contract with RCom after Chinese telecom gear maker Huawei stopped services to the debt-ridden telecom operator because of payment issues.

published on : 30th May 2019

NCLT admits RCom for insolvency process

Resolution proceedings resume after a go-ahead from NCLAT; RCom becomes first ADAG firm to go belly up

published on : 10th May 2019

NCLT begins bankruptcy process for Anil Ambani's RCom

Lenders moved NCLT to appoint a new resolution professional and form a committee of creditors as the first step to begin the bankruptcy process.

published on : 7th May 2019

Reliance Communications withdraws plea against NCLT order

This is because there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter restarted.

published on : 1st May 2019

RCom withdraws petition against NCLT order, all set to restart insolvency proceedings

Ericsson opposed the move as there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter were allowed to restart.

published on : 30th April 2019

No political interference in tax settlement with Reliance firm: France over Le Monde's Rafale bombshell

Leading French newspaper Le Monde reported that France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Ambani's Reliance Communications in 2015.

published on : 14th April 2019

Tax concession by France to Anil Ambani's firm is 'Modi kripa', says Congress in fresh attack over Rafale

In its reaction, Reliance Communications has rejected any wrongdoing and said the tax dispute was settled under legal framework which is available for all companies operating in France.

published on : 13th April 2019

Large land banks alone don’t ensure success in the real estate sector

Raymond Realty is looking to invest Rs 250 crore in its maiden realty project until FY20.

published on : 9th April 2019

NCLAT stays telecom department's show cause notices to Reliance Communications

According to the NCLAT ruling, the show cause notices and letter were against its February 4 order, in which it said that no one can sell, alienate or create third-party rights over RCom’s assets.

published on : 27th March 2019

NCLAT stays DoT's show cause notices to RCom for cancellation of spectrum licence

The appellate tribunal also issued notice to DoT and directed to list the matter on April 8 along with the main case.

published on : 26th March 2019

Anil Ambani makes Rs 550 crore payment to Ericsson, thanks brother Mukesh for help

Anil's heavily debt-laden RComm made a Rs 550 crore payment, including interest, to Ericsson just a day before expiry of the deadline set by the SC to clear dues or face a three-month jail term.

published on : 18th March 2019

BSNL to approach NCLT this week against RCom to recover Rs 700 crore

Lenders of RCom said that it will lead to outgo of public money for settling payment of a private party.

published on : 17th March 2019

NCLAT reserves order on Reliance Communications plea to release IT funds

RCom counsel Kapil Sibal appealed for payment to be made to Ericsson from the trust and retention account held by SBI under which assets of telecom firm have been mortgaged.

published on : 13th March 2019
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