Reliance Communications

Friday, Apr 19, 2024 | Last Update : 09:37 PM IST

Delhi High Court stays insolvency resolution proceedings against Anil Ambani

Ambani in his plea has challenged the constitutionality of the IBBI Regulations, 2019.

27 Aug 2020 5:02 PM

Chinese Banks may get Rs 7,000 cr from RCom, RTL resolution plan. (PTI Photo)

3 Chinese banks may get Rs 7,000 crore from RCom resolution plan, DoT to get zero proceeds

The NCLT had directed the DoT to file their submission by Friday, when the matter will be heard

21 Aug 2020 9:36 AM

Varde Partners, Bharti Airtel and Reliance Industries, UV Asset Reconstruction Company (UVARCL) are among the main contenders for RCom assets, sources said. (Photo: File | PTI)

RCom shares rally 6 pc to hit upper circuit on asset sale buzz

On the BSE, Reliance Communications's shares rose 4.55 per cent to 69 paise apiece.

25 Nov 2019 11:46 AM

Anil Ambani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from Reliance Communications (RCom) earlier this month. (Photo: File | PTI)

RCom lenders reject resignation of Anil Ambani, 4 other directors

Reliance Communications had posted a consolidated loss of Rs 30,142 crore for the September 2019 quarter.

24 Nov 2019 5:07 PM

Billionaire industrialist Anil Ambani resigned as Director of Reliance Communications.

Anil Ambani, 4 others resign from bankrupt Reliance Communications

Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from positions of directors.

16 Nov 2019 5:00 PM

GCX, an under-sea cable supplier, expects to complete the liquidation process by the end of the fourth quarter.

RCom CEO steps down to focus on US unit's bankruptcy process

Anil Ambani-led RCom filed for bankruptcy in India earlier this year as lack of regulatory approval for asset sales.

25 Sep 2019 10:14 AM

Reliance Infratel, is a subsidiary of RCom, and is presently under corporate insolvency resolution process. (Photo: File | PTI)

NCLAT dismisses contempt petition against Anil Ambani over RCom payment default

A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

23 Jul 2019 3:23 PM

The IRP admitted none of the claims and marked the entire amount for verification.

Claims against RCom swell to Rs 57,382 cr; Rel ADAG cos among claimants

Reliance ADA Group firms account for Rs 7,000.63 crore of fresh claims against the group firm RCom.

18 Jun 2019 9:24 AM

RCom in February 2019 had announced its decision to opt for insolvency proceedings following its failure to sell assets for paying back its lenders. (Photo: PTI)

RCom withdraws plea against NCLT order allowing bankruptcy proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

30 Apr 2019 5:49 PM

Le Monde said the French tax authorities accepted 7.3 million euros from Reliance Flag Atlantic France as a settlement as against original demand of 151 million euros. (Photo: PTI)

Anil Ambani firm got 143.7 mn euro tax waiver after Rafale deal: Le Monde

Reliance Communications rejected any wrongdoing and said the tax dispute was settled under a legal framework.

13 Apr 2019 4:04 PM

"The show cause notices of March 14 and 15 and letter dated March 20, 2019, by DoT is against the direction passed by this tribunal," the NCLAT said.

NCLAT stays DoT's show cause notices to RCom for cancellation of spectrum licence

A two-member bench also stayed the DoT's letter dated March 20, 2019 to Axis Bank to encash the bank guarantee of Rs 2,000.

26 Mar 2019 3:59 PM

With the latest pledge on March 22, the total pledged shares by RCE now stands at 9.37 per cent of total share capital or 25.90 crore shares. (Photo: File | PTI)

RCE pledges 12.50 cr shares of RCom with IndusInd Bank

RCE held 49.06 crore shares in RCom amounting to 17.74 pc stake, of which it had previously pledged 4.85 pc.

24 Mar 2019 4:40 PM

The nature of the backing or how it was delivered was unclear, but in a statement, Anil Ambani thanked his billionaire brother. (Photo: File | PTI)

RCom shares jump after Mukesh Ambani bails out brother Anil on Ericsson dues

Telecom equipment maker Ericsson received 4.62 billion rupees ($67.42 million) from RCom as unpaid dues.

19 Mar 2019 10:44 AM

Brother Mukesh steps in to spare Anil jail stay

The Supreme Court had last month held Ambani in contempt for not paying Ericsson's dues despite promising to do so.

19 Mar 2019 2:11 AM

Reliance Communications pays Rs 458.77 crore to Ericsson: sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

18 Mar 2019 6:05 PM

RCom asset monetisation deal failed because Reliance Jio refused to take responsibility of past dues of the Anil Ambani-led firm.

NCLAT reserves order on RCom plea to release funds

RCom has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson.

14 Mar 2019 8:48 AM

The move assumes significance as Vodafone Idea has earlier sought two-years moratorium on annual spectrum payment of over Rs 10,000 crore, citing high debt levels and stress on the balance sheet. (Representative Image)

Voda Idea, Airtel, Jio pay spectrum dues of over Rs 6,000-cr in March

The embattled Reliance Communications has not yet made payment of Rs 21.5 crore as on the due date.

06 Mar 2019 11:35 AM

After accounting for the shares released (1.39 per cent), the total shares pledged with it now stand at 25.40 crore or 9.18 per cent. (Photo: PTI)

Additional RCom shares pledged with Axis Trustee

Axis Trustee said 17.25 crore or 6.24 per cent shares of RCom were previously pledged with it.

23 Feb 2019 7:32 PM

In the past, chairman Anil Ambani had claimed that the plot had a development potential of Rs 25,000 crore.

Bankrupt RCom arm to build a fintech centre in Navi Mumbai

Reliance Communications surprised all by moving for filing for insolvency on February 1.

11 Feb 2019 4:37 PM

RCom said on Friday it approached the NCLT as lack of regulatory approval for asset sales. Photo: PTI

Reliance Communications moves appellate court to withdraw Ericsson appeal

Mumbai-based RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal.

05 Feb 2019 3:43 PM

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Mohan Guruswamy

reliance communications