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RCOM DUES
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 ...
- Department of Telecommunications won’t renew licence until RCom clears dues“DoT has informed RCom that it cannot renew telecom licences unless previous spectrum related dues are cleared. This followed the resolutio...
- Supreme Court orders payment of AGR dues over a period of 10 yearsThe government had sought a 20-year time frame for telcos to pay back their balance AGR dues, while the two most affected telcos- Vodafone ...
- DoT leaves it to SC to decide whether Jio liable to clear RCom’s AGR duesRCom and its unit Reliance Telecom (RTL), once owned by Anil Ambani, had entered into an agreement with Jio in 2016 for trading spectrum in...
- RCom to SC: Will go into liquidation if spectrum not allowed to be sold under IBCThe telco's latest stance may further delay the resolution process of RCom since the Department of Telecommunications (DoT) has made it cle...
- AGR case: Supreme Court asks government if Jio should bear Rcom AGR duesThe three-judge bench also asked RCom to explain the fall in the value of its assets, even as the government stressed that airwaves of all ...
- AGR Case: Supreme Court asks Rcom to explain fall in asset valuation from Rs 35,000 crore to Rs 5,304 croreThe top court directed RCom's legal representative to explain how the Rcom and its units value eroded from Rs 35,000 crore in 2019 to Rs 5,...
- Spectrum of bankrupt telcos who owe statutory dues cannot be sold: Govt to SC"Spectrum can never be a subject of sale in IBC proceedings," solicitor general Tushar Mehta told the three-judge SC bench, headed by Justi...
- RCom against closing insolvency plea, Ericsson wants it withdrawnEricsson insists it should be allowed to close insolvency proceedings against RCom. RCom is resisting the move.
- Anil Ambani thanks elder brother Mukesh Ambani for paying Ericsson duesAnil Ambani faced a jail term of three months if the money due to Ericsson hadn't been paid by March 19.
- The call Anil Ambani never got from JioThe Supreme Court had directed DoT to approve RCom’s pact to sell spectrum to Jio after a Rs 1,400 crore guarantee.
- 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.
- We can’t risk servicing RCom’s past dues, says JioRCom is desperate to close the trading deal to use the funds to pay operational creditor Ericsson Rs 550 crore, and other lenders, includin...
- RCom to SC: Jio deal at risk if DoT refuses land as securityDoT’s legal representatives even told the apex court that since it would only accept bank guarantees, and RCom says it cannot offer that, t...
- Reliance Communications says Jio deal in jeopardy unless DoT clearsDoT said it will only accept bank guarantees for dues of about Rs 3000 crore and suggested that Jio could also make the payment on RCom’s b...
- Reliance Communications, Reliance Telecom have just Rs 19 crore in accountsRCom informed the Delhi HC that it has Rs 17.86 crore in 119 bank accounts, while RTL has over Rs 1.48 crore.
- Ericsson targets RCom in SC hearing; Telco seeks 10 more days to settle duesEricsson has been pushing for an immediate payment of Rs 550 crore by Reliance Communications, which did not keep the September 30 deadline.
- ATC moves Delhi HC seeking surety for Rs 100.6-Cr RCom duesIn its petition, ATC said RCom’s responses to its demand to pay the dues were “evasive/non-committal”, indicating a “mala-fide intent” to a...
- RCom rallies 20% in April; more deals will lead to re-rating, say brokerages“We see room for potential trading upside for RCom due to improved probability of a tower-sharing deal with RIL,” BofA-ML said.
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