Reliance Communications

SC rejects SBI plea for resuming insolvency proceedings against Anil Ambani

The top court refused to vacate the stay granted by the Delhi High Court by its interim order on the personal insolvency proceedings against Ambani.

published on : 18th September 2020

‘RCom liquidation if SC disallows spectrum sale’

The bench noted that all resolution transactions must be as per the IBC and trading guidelines mandate that dues need to be taken care of before the sale of spectrum.

published on : 20th August 2020

Have paid AGR dues related to RCom spectrum sharing deal: RJio tells SC

However, Salve ruled out any possibility of RJio paying duties on revenues earned by RCom through the spectrum assets. 

published on : 19th August 2020

Not liable for RCom’s AGR dues: RJio tells apex court

Bench also questions if RCom’s spectrum assets may be sold under IBC.

published on : 18th August 2020

Jio-RCom spectrum sharing deal not connected with AGR liability: Sources

RJIL in April 2016 entered into a pact to share a part of the spectrum held by RCom and its unit Reliance Telecom Ltd (RTL).

published on : 15th August 2020

Supreme Court seeks details on RCom, RJio spectrum deal

The bench observed that since spectrum was a public asset, whichever company is using it could be liable to pay statutory dues on the same. 

published on : 15th August 2020

NCLT to decide on Reliance Communications' assets

Among the two buyers is Anil’s brother Mukesh Ambani’s telecom and digital business powerhouse Reliance Jio, which is planning to take over RCom’s mobile tower assets.

published on : 4th August 2020

SEBI slaps Rs 1 cr fine on CARE Ratings in Reliance Communications case

In addition, the regulator noted that CARE Ratings had failed to conduct a review despite being adequately triggered by several factors.

published on : 27th July 2020

Reliance Communications​ resolution plan filed with NCLT

This is the highest-ever recovery of dues by financial creditors in the telecom sector which has seen the exit or shut down of 11 out of 12 telcos since 2012.

published on : 7th March 2020

Lenders approve Rs 23,000 crore resolution plan for Reliance Communications

Sources said that a committee of RCom creditors on March 4 unanimously approved the insolvency resolution plan to settle unpaid debt of RCom, Reliance Telecom and Reliance Infratel.

published on : 5th March 2020

SBI board approves Reliance Communications insolvency resolution plan: Sources

UV Asset Reconstruction Company is believed to have placed bid of around Rs 14,700 crore, while Reliance Jio has made an offer of Rs 4,700 crore for tower and fibre assets of Reliance Infratel Ltd.

published on : 4th March 2020

UK High Court to set terms in Chinese banks' claim against Anil Ambani

The Industrial and Commercial Bank of China Ltd Mumbai Branch, on behalf of itself, China Development Bank and Exim Bank of China, had sought summary judgment against Ambani.

published on : 7th February 2020

Supreme Court rejects DoT plea, RCom to get Rs 104.34 crore

The tribunal had directed the Centre to return the amount after encashing bank guarantees of Rs 908 crore on deferred charges of Rs 774 crore for the 2013 and 2015 spectrum auctions.

published on : 8th January 2020

Reliance Communications creditors may seek more time to complete asset sale process

RCom has put all of its assets for sale which include spectrum holding of 122 MHz, towers business, optical fibre network and data centres.

published on : 2nd January 2020

Reliance Communications debt will be cut by Rs 39,000 crore through new resolution: Anil Ambani

Reliance Communications had close to Rs 45,000 crore debt on its books in October 2017, he had said. The RCOM stock rose sharply on announcment, closing at 30 per cent high at Rs 21.33.

published on : 26th December 2017
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