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SBI To Report Anil Ambani To RBI, Classify RCom Account As Fraud
The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case dating back to August 2015, the company said in an exchange filing.
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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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In Anil Ambani Hearing, Court Asks Centre About Including Chinese Banks
The Delhi High Court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of 717 million dollars against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies.
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RCom's Anil Ambani Has To Pay $100 Million By End Of Day
The brother of one of Asia's most wealthy men and a one-time billionaire himself lost an attempt to appeal a U.K. court order that he set aside $100 million in his dispute with three Chinese banks.
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Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off
Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.
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Anil Ambani Pays Ericsson Day Before Deadline, Avoids Jail: 10 Points
Industrialist Anil Ambani on Monday avoided jail by paying Swedish telecom equipment maker Ericsson Rs 458.77 crore in dues a day before the Supreme Court's deadline. Anil Ambani has thanked Mukesh Ambani for his "timely support" in paying his dues. Last month, the top court had ordered Anil Ambani's Reliance Communications or RCom and two of its d...
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RCom-Ericsson Case: Supreme Court Finds Anil Ambani Guilty of Contempt
Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay.
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Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....
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As Rahul Gandhi Attacks Anil Ambani, Congress Leader Defends Him In Court
Kapil Sibal wore two hats on Tuesday, defending Anil Ambani in court as a lawyer on the same day he attacked the industrialist on the Rafale controversy as a Congress politician.
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Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
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Telecom Tribunal Exempts RCom From One-Time Spectrum Charge
RCom had challenged DoT's decision to impose one-time spectrum charge on its contracted CDMA and GSM spectrum resources.
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Ericsson Seeks Contempt Action Against Anil Ambani Over Rs 550 Crore Dues
Ericsson India Pvt Ltd on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against Chairman of Reliance Communication Ltd (RCom) Anil Dhirubhai Ambani for allegedly not complying with its order to clear dues of Rs 550 crore.
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Reliance Jio Board Approves Spin-Off of Fibre, Towers Businesses
The decision will need to go through all requisite statutory and regulatory approvals.
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Reliance Communications Pays 62 Lakh To Regulator To Settle Case
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee.
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Airtel Lost 2.3 Million Mobile Subscribers in September: COAI
COAI or the Cellular Operators Association of India last week shared its latest report detailing the mobile subscribers in India for the month ending September 2018.
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SBI To Report Anil Ambani To RBI, Classify RCom Account As Fraud
The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case dating back to August 2015, the company said in an exchange filing.
-
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.
-
In Anil Ambani Hearing, Court Asks Centre About Including Chinese Banks
The Delhi High Court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of 717 million dollars against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies.
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RCom's Anil Ambani Has To Pay $100 Million By End Of Day
The brother of one of Asia's most wealthy men and a one-time billionaire himself lost an attempt to appeal a U.K. court order that he set aside $100 million in his dispute with three Chinese banks.
-
Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off
Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.
-
Anil Ambani Pays Ericsson Day Before Deadline, Avoids Jail: 10 Points
Industrialist Anil Ambani on Monday avoided jail by paying Swedish telecom equipment maker Ericsson Rs 458.77 crore in dues a day before the Supreme Court's deadline. Anil Ambani has thanked Mukesh Ambani for his "timely support" in paying his dues. Last month, the top court had ordered Anil Ambani's Reliance Communications or RCom and two of its d...
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RCom-Ericsson Case: Supreme Court Finds Anil Ambani Guilty of Contempt
Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay.
-
Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....
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As Rahul Gandhi Attacks Anil Ambani, Congress Leader Defends Him In Court
Kapil Sibal wore two hats on Tuesday, defending Anil Ambani in court as a lawyer on the same day he attacked the industrialist on the Rafale controversy as a Congress politician.
-
Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
-
Telecom Tribunal Exempts RCom From One-Time Spectrum Charge
RCom had challenged DoT's decision to impose one-time spectrum charge on its contracted CDMA and GSM spectrum resources.
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Ericsson Seeks Contempt Action Against Anil Ambani Over Rs 550 Crore Dues
Ericsson India Pvt Ltd on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against Chairman of Reliance Communication Ltd (RCom) Anil Dhirubhai Ambani for allegedly not complying with its order to clear dues of Rs 550 crore.
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Reliance Jio Board Approves Spin-Off of Fibre, Towers Businesses
The decision will need to go through all requisite statutory and regulatory approvals.
-
Reliance Communications Pays 62 Lakh To Regulator To Settle Case
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee.
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Airtel Lost 2.3 Million Mobile Subscribers in September: COAI
COAI or the Cellular Operators Association of India last week shared its latest report detailing the mobile subscribers in India for the month ending September 2018.
