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RELIANCE COMMUNICATIONS BANKRUPTCY
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
- SBI seeks Supreme Court review of spectrum ruling in Aircel case, warns of banking and IBC risksSBI has moved the Supreme Court seeking review of its February 13 ruling that barred telecom spectrum from being treated as an asset under ...
- Anil Ambani challenges validity of personal guarantee in Insolvency and Bankruptcy CodeAmbani in his petition has also challenged a bankruptcy tribunal order which allowed the appointment of an interim resolution professional ...
- SBI takes Anil Ambani to NCLT to recover Rs 1,200 croreAnil Ambani had given personal guarantee to the loans given to RCom & Reliance Infratel.
- SBI moves NCLT to recover Rs 1.2k-cr Reliance Communications loans from Anil AmbaniSBI moved the NCLT under Section 97(3) of Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to ...
- RCom Insolvency: CoC expects to raise Rs 14,000 cr from assetsAssets up for sale include airwaves in the 850 MHz band in 14 of India’s 22 telecom circles, about 43,000 telecom towers, some fibre and da...
- Reliance Communications subsidiary files for bankruptcy protection without prior consentThe B2B arm of RCom, GCX has voluntarily filed for bankruptcy protection under chapter 11 of the United States bankruptcy code last week, a...
- Reliance Communications unit GCX files for bankruptcyRCom in May this year had mentioned that GCX’s value was eroding.
- NCLT begins bankruptcy process for Anil Ambani's Reliance CommunicationsRCom's committee of creditors will have to approve a new RP with a 66 percent vote after the NCLT starts the insolvency process.
- Reliance Communications heads to bankruptcy courtNCLT will now hear the insolvency case on May 7 and appoint an IRP to manage the company – under a debt of some Rs 46,000 crore.
- RCom to move NCLT to offload assets, repay debtThe company could not repay its debt even after talks with forty lenders over twelve months.
- RCom, Ericsson talks hit fresh hurdle, but Anil Ambani may find an escape hatchEricsson is driving a hard bargain to recover its RCom dues. But experts said changes in the insolvency law may come to the rescue of the b...
- NCLT appoints IRPs for Rcom, unitsWith the IRPs taking charge, RCom can no longer sell assets on its own. It had signed a deal to sell its spectrum to Jio to pare debt.
- Oaktree Capital says India may be growth engine in 3-5 yearsIndia’s $210 billion pile of stressed assets and distressed borrowers have attracted global funds.
- RCom continues to soar; be cautious, say analystsFrom the 52-week low of Rs 9.60, the stock has jumped 199.4 per cent.
- Fitch will no longer provide ratings for Reliance Communications“Fitch has chosen to withdraw the ratings on RCom for commercial reasons,” the global rating agency said. “Accordingly, Fitch will no longe...
- China Development Bank takes Reliance Communications to bankruptcy courtThe Anil-Ambani owned company owes close to Rs 9,000 crore to the bank.
- How effective is PM Modi’s drive to clean banks? RCom’s default will tellIt failed to pay a coupon on 2020 dollar notes before the expiry of a grace period on Monday.
- Reliance Communications Gujarat subscribers to shift from 2G to 4G"We wish to inform that the company has initiated migration of its customers in Gujarat circle to an all 4G network," the company said.
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