If the payment isn’t resolved by Tuesday, Ambani, 59, risks a three-month jail term.

BSNL has aready invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments.

Anil Ambani has been told to pay Ericsson Rs 453 crore by Tuesday or face jail.

The order is a setback for Ambani, who now has only time till Tuesday to pay dues to Ericsson to escape jail.

Arguing 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 ...

After hearing both the sides, the NCLAT bench headed by Chairperson S J Mukhopadhyay reserved the order in the case.

If the tribunal goes ahead with its threat, the payment to Ericsson will be left in the lurch.

RCom 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...

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal, seeking waiver over the moratorium placed by it on February...

An irate NCLAT is now asking why action shouldn’t be taken against the lenders group led by SBI.

Reliance Communications shares opened at Rs 6.60 on BSE.

NCLAT has directed the financial creditors of the company, including the State Bank of India, to file their reply on the issue by March 8.

The 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...

Failure to clear Ericsson dues within four weeks will result in 3-month jail for telco's chairman.

The Supreme Court has reserved orders on Ericsson’s contempt petitions against RCom and its chairman Anil Ambani .

Reliance Communications' low-cost fund-raising will address to a certain extent concerns over the declining proportion of its profits relat...

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...