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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...- Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian and Foreign BanksAccording to experts, based on the NCLAT Judgement, the Resolution Plan of UV Asset Reconstruction Company Ltd. (UVARCL) for Aircel, which ...
- NCLAT asks RCom to approach NCLT for Rs 577 crore refund from EricssonAnil Ambani-led Rcom is presently going through Corporate Insolvency Resolution 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.
- NCLAT sends RCom back to insolvencyEricsson started insolvency proceedings against RCom in 2017 over non-payment of dues of over Rs 1,500 cr.
- Ericsson may have to refund Rs 550 cr to RCom if insolvency proceedings revived: NCLATAn observation by a two-member NCLAT bench threatens to turn the clock back on Ericsson.
- NCLAT to decide over insolvency plea of RComRCom has pleaded the tribunal to go ahead with insolvency proceedings against it as it is unable to pay dues to its lenders.
- NCLAT stays DoT notice to revoke Reliance Communications licenceA two-member bench also stayed the DoT's letter dated March 20, 2019 to Axis Bank to encash the bank guarantee of Rs 2,000 crore given by t...
- Reliance Communications moves NCLAT to stop permit cancellationRCom’s March 13 spectrum payment deadline included a 10-day grace period. A telco has 20 days to respond to a show-cause notice.
- 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.
- Refuse to believe Rcom will let Anil Ambani go to jail, says SBIArguing for SBI, senior counsel NK Kaul reiterated that RCom had no right to have its dues paid by the Rs 260 crore “public money” held in ...
- 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.
- Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues at NCLATNCLAT has directed the financial creditors of the company, including the State Bank of India, to file their reply on the issue by March 8.
- NCLAT adjourns RCom's plea for insolvency to March 6RCom even failed to sell spectrum to Mukesh Ambani's Reliance Jio, a deal that was expected to bring some relief to the cash-strapped compa...
- NCLAT asks Ericsson to file objection over RCom's plea for insolvencyThe appellate tribunal has directed to list the matter on February 12 for orders.
- Rcom unit to pay Rs232 crore to settle with minority investors, shares spikeThe settlement will enable RCom to proceed with asset monetisation as soon as it exits the debt resolution process.
- RCom plea against insolvency to be heard by NCLAT tomorrowThe plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an ur...
- Manipal Tech withdraws bankruptcy plea against RCom"The appeal is disposed of as withdrawn," noted a two-member bench of NCLAT Justices A I S Cheema and Balvinder Singh, in its order.
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