10 July 2019: A probe commissioned by SBI has flagged transactions worth Rs 5,500 crore in the books of Reliance Communications and two other Anil Ambani-led Reliance Group entities for further investigation, four people with direct knowledge of the matter… Read More ›
Reliance Communications
BS: NCLAT reserves order on admission of contempt plea filed against Anil Ambani, other officials
3 July 2019: The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order over admission of contempt petition filed against Reliance Group Chairman Anil Ambani and its other officials by minority shareholders alleging non-payment of dues by Reliance… Read More ›
ET: SC dismisses DoT’s plea on RCom spectrum case
2 July 2019: The Supreme Court Tuesday dismissed the telecom department’s petition against a tribunal order that had stated that liabilities of past dues related to spectrum usage charges (SUC) rested only with Reliance Communications (RCom) and not the buyer,… Read More ›
BQ: Three Chinese Lenders Look To Sell RCom Loans Ahead Of Insolvency Resolution
1 July 2019: Chinese lenders to Reliance Communications Ltd, including China Development Bank, Exim Bank of China and Industrial & Commercial Bank of China, are in the midst of negotiations with foreign funds to sell their loan exposures to the… Read More ›
ET: Government backs revocation Aircel spectrum for non-payment of dues: Ravi Shankar Prasad
27 June 2019: The government has told the National Company Law Tribunal (NCLT) that it is liable to revoke the spectrum of Aircel for non-payment of dues, telecom minister Ravi Shankar Prasad said in the Rajya Sabha. The minister added… Read More ›
ET: Aircel RP, suitor in talks with existing telcos for spectrum sale
15 June 2019: Aircel’s resolution professional and its proposed acquirer UV Asset Reconstruction Co. Ltd (UVARCL) have started talks with Bharti Airtel, Vodafone Idea and Reliance Jio to sell the bankrupt telco’s spectrum, said people with knowledge of the matter…. Read More ›
DNA: Share pledge sword dangles over ADAG
14 June 2019: Reliance Group chairman Anil Ambani has a battle at hand as he plans to rescue the promoters’ pledged shares in some of the sister companies. If the debtors are not repaid, the promoters stand to lose control… Read More ›
ET: DoT asks Aircel to return spectrum as arrears unpaid
11 June 2019: The Department of Telecommunications (DoT) has demanded Aircel return its spectrum to the government since it has not cleared the arrears against it, creating a major hurdle in the carrier’s bankruptcy process that could hurt lenders. DoT… Read More ›
ET: DoT to oppose spectrum sale of bankrupt telcos
6 June 2019: The department of telecommunications (DoT) plans to oppose the sale of airwaves held by bankrupt telcos during the insolvency resolution process, a move that will make Aircel and Reliance Communications less attractive to buyers and hit their… Read More ›
NIE: SBI seeks more time from NCLT to file reply in Reliance Infratel case
1 June 2019: Public sector lender SBI on Friday sought more time from the NCLT to file reply on Doha Bank’s plea seeking stay on a decision of the committee of creditors (CoC) of Reliance Infratel (RITL). Doha Bank has… Read More ›
