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RCOM RESOLUTION
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...
- NCLT allows Reliance Communications to substitute its resolution applicantRcom had changed its resolution applicant to UV Stressed Asset Management Private Limited (UVSAMPL) from the original UV Asset Reconstructi...
- 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...
- DoT can't revoke RCom's licenses for 10 more days: Delhi HCThe court's directions on Monday will be of slight relief to Rcom's resolution professional Deloitte, since the company's 20 licenses were ...
- Termination of telecom licence will kill RCom resolution, Deloitte tells NCLTUnder the IBC proceedings, RCom’s committee of creditors in March 2020 had cleared a resolution plan that would see asset reconstruction fi...
- Reliance Communications wants licence renewed for 20 years“RCom’s licence as an operator expires in July and it has approached the DoT for renewal,” said one of officials aware of the developments....
- Aircel lenders, UVARCL to move Supreme Court as NCLAT bars spectrum saleThe NCLAT has backed DoT’s stance that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues are ...
- NCLT gives nod to Doha Bank petition on Reliance Infratel resolutionUnder the plan approved by NCLT, lenders may recover less than Rs 4000 crore through the resolution plan of Reliance Infratel. Some 13 of t...
- DoT opposes RCom resolution plan, says RP hasn’t sought nod for spectrum assets saleRejecting the RCom resolution plan, DoT in NCLT also alleged that even the name of the licensee company is unclear in the plan, and no prov...
- DoT opposes resolution plan of RCom and its unit Reliance Telecom in NCLTDoT's opposition to the resolution plan will be a big blow to asset reconstruction firm UVARCL which is awaiting National Company Law Tribu...
- DoT challenges NCLT nod to Aircel resolution planThe Department of Telecommunications alleged that Aircel’s resolution blueprint is a “liquidation plan” not aimed at reviving the bankrupt ...
- Jio proposes Rs 6,127 crore resolution plan for Reliance InfratelJio tabled the resolution plan in the National Company Law Tribunal on Monday and said it had additionally paid Rs 250 crore for asset main...
- NCLT adjourns Reliance Communications and Reliance Telecom case to August 19According to legal sources, the telecom regulator has filed an application for RCom and Reliance Telecom seeking that provision be made in ...
- UK court orders Anil Ambani to pay USD 717 million to Chinese banksUK court orders Anil Ambani to pay $717 million (Rs 5,448 crore) to 3 Chinese banks in 21 days.
- 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.
- 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.
- NCLAT asks RCom to approach NCLT for Rs 577 crore refund from EricssonAnil Ambani-led Rcom is presently going through Corporate Insolvency Resolution Process.
- RCom to go for insolvency as it fails to repay debtRCom has failed to sell assets to pay for its debt despite the passage of over 18 months.
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