Ambani in his petition has also challenged a bankruptcy tribunal order which allowed the appointment of an interim resolution professional ...

Anil Ambani had given personal guarantee to the loans given to RCom & Reliance Infratel.

SBI moved the NCLT under Section 97(3) of Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to ...

Assets 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...

The B2B arm of RCom, GCX has voluntarily filed for bankruptcy protection under chapter 11 of the United States bankruptcy code last week, a...

RCom in May this year had mentioned that GCX’s value was eroding.

RCom's committee of creditors will have to approve a new RP with a 66 percent vote after the NCLT starts the insolvency process.

NCLT 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.

The company could not repay its debt even after talks with forty lenders over twelve months.

Ericsson 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...

With 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.

India’s $210 billion pile of stressed assets and distressed borrowers have attracted global funds.

From the 52-week low of Rs 9.60, the stock has jumped 199.4 per cent.

“Fitch has chosen to withdraw the ratings on RCom for commercial reasons,” the global rating agency said. “Accordingly, Fitch will no longe...

The Anil-Ambani owned company owes close to Rs 9,000 crore to the bank.

It failed to pay a coupon on 2020 dollar notes before the expiry of a grace period on Monday.

"We wish to inform that the company has initiated migration of its customers in Gujarat circle to an all 4G network," the company said.