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RCOM TAX REFUND
Mukesh Ambani rescues Anil, pays Ericsson Rs 462 crore duesMy sincere and heartfelt thanks to my respected elder brother, Mukesh, and Nita, says Anil Ambani.
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.
RCom completes payment of Rs 580 crore to Ericsson, Anil Ambani avoids jail termThe deadline for RCom to make the payment was March 19, failing which Anil Ambani would have had to serve a jail term of three months.
Anil Ambani has just a day left to pay up $80 million and avoid jailIf the payment isn’t resolved by Tuesday, Ambani, 59, risks a three-month jail term.
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.
How did it go this bad for Anil Ambani? The unmaking of a billionaireAnil Ambani has been told to pay Ericsson Rs 453 crore by Tuesday or face jail.
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 ...
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 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...
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.
RCom down 2% after creditors oppose IT refund use to settle duesReliance Communications shares opened at Rs 6.60 on BSE.
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.
RCom requests "urgent approval" from lenders to release Rs 260 crore for payment of Ericsson duesThe company said it is confident of raising balance Rs 200 crore within four weeks to pay back dues to Ericsson according to apex court ord...
Anil Ambani will go to jail unless Reliance Communications pays up: Supreme CourtFailure to clear Ericsson dues within four weeks will result in 3-month jail for telco's chairman.
Ericsson won’t accept settlement from RCom without SC directionThe Supreme Court has reserved orders on Ericsson’s contempt petitions against RCom and its chairman Anil Ambani .
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Reliance Communications' low-cost fund-raising will address to a certain extent concerns over the declining proportion of its profits relat...
- Govt can get Rs 6,500 cr as GSM fee: RCom
The govt would earn up to Rs 20,000 crore as direct and indirect taxes on full roll out of network by new operators, RCom officials said. T...