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RCOM INSOLVENCY
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 ...
- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- Union Bank's action to identify loan accounts as 'fraudulent' not legally tenable: Reliance CommunicationReliance Communications has stated that any action taken by Union Bank of India to identify the telco's loan accounts as fraudulent is not ...
- Two Reliance Communications units to sell properties, including DAKC“…the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies’) have vide their respective...
- Reliance Communications lenders reject resignation of Anil Ambani, 4 other directorsRCom's September quarter numbers marked the second highest loss posted by any Indian corporate till date.
- NCLT allows RP 90 more days to complete RCom insolvencyRP petitioned for an extension as its 180 days period to complete RCom's resolution would get over in Oct.
- 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 lenders to seek Rs 580 crore from Ericsson claiming violation of IBCMoney was paid by Reliance Communications to Ericsson under Supreme Court order.
- RCom lenders likely to claim up to Rs 90,000 croreThe claim will be among the highest demanded from companies that have gone for insolvency.
- 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.
- 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.
- 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.
- RCom in danger of landing back in insolvencyIf the tribunal goes ahead with its threat, the payment to Ericsson will be left in the lurch.
- ‘Let RCom use trust fund to pay Ericsson', NCLAT warns lenders of insolvencyRCom requested that Rs 260 crore of tax refunds held in a trust fund by lenders be released on behalf of the telco to pay Swedish telecom g...
- 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...
- Anil Ambani reaches SC in response to contempt notice filed by EricssonBattle between Ericsson and RCom has been raging for more than a year over settlement of Rs 550 crore
- Ericsson ropes in CDB counsel Darius Khambata in fight against RComEricsson had earlier told the tribunal that RCom had not paid its dues for past two years and only a few postdated cheques had been given.
- NCLT to hear Ericsson's RCom insolvency petition on November 9Two months back, the court had rejected Ericsson’s right to object to admitting the merger application of Aircel and RCom as the amount it ...
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