Anil Ambani Rcom
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RCom Bank Fraud Case: SC To Hear Anil Ambani Before Taking ED, CBI Status Reports On Record
Advocate Prashant Bhushan who represents the petitioner in the case told the top court, ''CBI and ED has filed status reports.Anil Ambani was identified as the kingpin. But nothing yet. The kingpin (Anil Ambani) has not been arrested.''
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SBI Classifies Reliance Communications, Its promoter Anil Ambani As 'Fraud'; To Lodge Complaint With CBI
SBI classifies RCom, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBI
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RCom Says Majority Of Creditor Banks Oppose China Development Bank Insolvency Petition
After a meeting on Wednesday, the lenders have named Indian law firm J Sagar Associates as their legal counsel to oppose the CDB petition, RCom said in a statement.
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RCom Shares, Bonds Fall After New Rating Downgrades
Moody's and Fitch have further downgraded their ratings on RCom to default levels and warned about its ability to deal with long-term debt.
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Reliance Communications To Exit Telecom Fully To Focus On Realty: Anil Ambani
Billionaire Anil Ambani said he is confident of getting a resolution in the next few months, and added that other monetisation measures, including sale of telecom infrastructure and fibre to Reliance Jio, are at an advanced stage of closure.
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RCom Says Not Paying Interest To Lenders In Light Of Strategic Debt Restructuring
RCom had last month outlined a plan to sell telecom towers and real estate assets to pay off Rs 25,000 crore out of the Rs 45,000 crore debt on its book.
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Breather For Anil Ambani's RCom, Lenders Give 7 Months To Complete Deals
Anil Ambani, RCom chairman, added the company's lenders had accepted a company-proposed overhaul plan and given the group until December to conclude the process.
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Government To Refund Rs 104 Crore To RCom After Top Court Rejects Request
The Department of Telecom has already adjusted Rs 30.33 crore.
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Anil Ambani's RCom Goes For Insolvency Proceedings To Repay Debt
RCom, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level, and more to vendors.
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Reliance Communications Lays Out Debt Resolution Plan
Reliance Communications said its new proposal resembles a previous plan, which was hampered however by a lack of regulatory approvals and legal battles. RCom's net debt stood at around $7 billion as of March 2017 when it last made the number public.
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RCom Shares Plunge After Telecom Company Approaches Bankruptcy Court
Over 12 crore RCom shares changed hands in less than 45 minutes of trade compared to their 30-day average of 6.3 crore. RCom, controlled by Anil Ambani, said on Friday that its lenders had not received any proceeds from asset monetisation plans, and that its overall debt resolution process had not made any progress.
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RCom Shares Rise As Company Reaches Agreement With Lenders
Reliance group companies on Sunday said it reached an in-principle "standstill understanding" with more than 90 per cent of its lenders.
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How Anil Ambani's Planning To Pay Ericsson After Warning Of Jail Time
RCom owes a total Rs 571 crore to Ericsson, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.
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Reliance Jio Gets NCLT’s Nod to Acquire Reliance Infratel
Reliance Jio has received the National Company Law Tribunal (NCLT)’s approval for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets.
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Anil Ambani's Resignation Rejected By Reliance Communications Lenders
According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20.
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RCom Bank Fraud Case: SC To Hear Anil Ambani Before Taking ED, CBI Status Reports On Record
Advocate Prashant Bhushan who represents the petitioner in the case told the top court, ''CBI and ED has filed status reports.Anil Ambani was identified as the kingpin. But nothing yet. The kingpin (Anil Ambani) has not been arrested.''
-
SBI Classifies Reliance Communications, Its promoter Anil Ambani As 'Fraud'; To Lodge Complaint With CBI
SBI classifies RCom, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBI
-
RCom Says Majority Of Creditor Banks Oppose China Development Bank Insolvency Petition
After a meeting on Wednesday, the lenders have named Indian law firm J Sagar Associates as their legal counsel to oppose the CDB petition, RCom said in a statement.
-
RCom Shares, Bonds Fall After New Rating Downgrades
Moody's and Fitch have further downgraded their ratings on RCom to default levels and warned about its ability to deal with long-term debt.
-
Reliance Communications To Exit Telecom Fully To Focus On Realty: Anil Ambani
Billionaire Anil Ambani said he is confident of getting a resolution in the next few months, and added that other monetisation measures, including sale of telecom infrastructure and fibre to Reliance Jio, are at an advanced stage of closure.
-
RCom Says Not Paying Interest To Lenders In Light Of Strategic Debt Restructuring
RCom had last month outlined a plan to sell telecom towers and real estate assets to pay off Rs 25,000 crore out of the Rs 45,000 crore debt on its book.
-
Breather For Anil Ambani's RCom, Lenders Give 7 Months To Complete Deals
Anil Ambani, RCom chairman, added the company's lenders had accepted a company-proposed overhaul plan and given the group until December to conclude the process.
-
Government To Refund Rs 104 Crore To RCom After Top Court Rejects Request
The Department of Telecom has already adjusted Rs 30.33 crore.
-
Anil Ambani's RCom Goes For Insolvency Proceedings To Repay Debt
RCom, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level, and more to vendors.
-
Reliance Communications Lays Out Debt Resolution Plan
Reliance Communications said its new proposal resembles a previous plan, which was hampered however by a lack of regulatory approvals and legal battles. RCom's net debt stood at around $7 billion as of March 2017 when it last made the number public.
-
RCom Shares Plunge After Telecom Company Approaches Bankruptcy Court
Over 12 crore RCom shares changed hands in less than 45 minutes of trade compared to their 30-day average of 6.3 crore. RCom, controlled by Anil Ambani, said on Friday that its lenders had not received any proceeds from asset monetisation plans, and that its overall debt resolution process had not made any progress.
-
RCom Shares Rise As Company Reaches Agreement With Lenders
Reliance group companies on Sunday said it reached an in-principle "standstill understanding" with more than 90 per cent of its lenders.
-
How Anil Ambani's Planning To Pay Ericsson After Warning Of Jail Time
RCom owes a total Rs 571 crore to Ericsson, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.
-
Reliance Jio Gets NCLT’s Nod to Acquire Reliance Infratel
Reliance Jio has received the National Company Law Tribunal (NCLT)’s approval for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets.
-
Anil Ambani's Resignation Rejected By Reliance Communications Lenders
According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20.
