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SBI RCOM
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...- 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 ...
- Bombay HC dismisses Anil Ambani’s plea against SBI classifying his loan account as fraudThe Bombay High Court dismissed Anil Ambani's plea challenging SBI's classification of his and Reliance Communications' loan accounts as "f...
- Anil Ambani-led Reliance units say SBI’s fraud tag on RCom loan has no impact on their operationsReliance Infrastructure and Reliance Power on Thursday said SBI’s classification of Reliance Communications’ loan account as fraud has no i...
- State Bank of India moves to remove Reliance Infratel’s fraud tagThe move comes days after Reliance Jio Infocomm, the designated buyer of Infratel’s assets, had moved the bankruptcy court to seek forensic...
- Delhi High Court halts insolvency proceedings against Anil Ambani in Rs 1,200-crore loan default caseThe SBI had moved the NCLT to recover over Rs 1,200 crore from Anil Ambani under the personal guarantee clause of the bankruptcy law.
- RCom insolvency process to collapse if spectrum is not a part: SBI tells Supreme CourtWithout any spectrum to use, the telco would cease to continue as a going concern and cannot be transferred as a going concern, as required...
- SBI board approves Rs 23,000-crore RCom insolvency resolution plan: SourcesJio placed bid for Reliance Infratel's tower and fibre assets & UVARC for assets of RCom & Reliance Telecom.
- BSNL to approach NCLT this week against RCom to recover Rs 700 croreBSNL has aready invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments.
- RCom-Ericsson case: NCLAT declines to direct SBI to release Rs 259 croreThe order is a setback for Ambani, who now has only time till Tuesday to pay dues to Ericsson to escape jail.
- NCLAT reserves order on RCom plea to release fundsAfter hearing both the sides, the NCLAT bench headed by Chairperson S J Mukhopadhyay reserved the order in the case.
- RCom lenders contend to have first right over IT refundsThe NCLAT was hearing RCom's plea, which has approached the appellate tribunal, seeking waiver over the moratorium placed by it on February...
- NCLAT slams SBI-led lenders of RCom for misleading tribunalAn irate NCLAT is now asking why action shouldn’t be taken against the lenders group led by SBI.
- Supreme Court dismisses Ericsson contempt plea against SBI in RCom caseEricsson had filed a contempt plea against the SBI chairman in the SC for not fulfilling assurance of settling RCom’s dues as the lead bank...
- SBI approaches big 4 auditors to appoint resolution professional for RComSBI, one of Ambani's biggest lenders, just intensified its hunt for a resolution professional to manage the insolvency process.
- SBI chief faces Ericsson contempt pleaThe Swedish co has dragged in the lead banker of RCom dues case & filed a third petition against Anil Ambani.
- Reliance Communications, Ericsson in talks to settle dues outside NCLTA third person said that the latest settlement amount being discussed is around Rs700 to Rs800 crore, after Ericsson rejected an initial of...
- Lenders come to Anil Ambani's rescue, to pay RCom's Rs 774 cr spectrum dues to DoTLenders agreed to pay Rs 774 crore of deferred spectrum charges for RCom to prevent further litigation in the Anil Ambani-owned company’s d...
- SBI to refinance new entity’s Rs 28,000 crore debt in the RCOM-Aircel mergerRCom will separate its wireless business and merge it with the existing unlisted Aircel, with promoters of both sides owning 50% each in th...
- TCS, HDFC named India's best managed companiesTCS and HDFC are followed by IT major Infosys, telecom giant Bharti airtel and PSU behemoth ONGC in the list of the top-five best managed c...
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