Rcom

Debt refinancing loan case: UK High Court to set terms in Chinese banks' claim against RCom chief Anil Ambani

According to court documents, RCom had sought the loan from the Chinese banks in order to meet its obligations under certain foreign currency convertible bonds due to mature on 1 March 2012.

Supreme Court rejects Centre's plea challenging refund of Rs 104 cr ordered by TDSAT to RCom

TDSAT had on 21 December 2018 directed the Centre to return around Rs 104 crore to RCom after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.

RCom creditors may seek more time to complete asset sale process beyond 10 January deadline

Bharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden RCom

UK court dismisses Chinese bank plea for conditional order in $680 mn claim against RCom chief Anil Ambani

The hearing in the matter took place on 7 November and the order was issued on Monday, a spokesperson for Anil Ambani said in a statement.

UK High Court dismisses $680-mn claim application by Chinese banks against Anil Ambani

UK High Court has dismissed a $680 million claim application filed by Chinese banks against Reliance Communications Chairman Anil Ambani, a spokesperson of Ambani said on Monday

RCom shares hit upper circuit for sixth time in row; gain over 42% in nine trading sessions

Shares of Reliance Communications hit their upper circuit for the sixth consecutive session on Friday amid reports that Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for the assets of the debt-ridden firm

Bharti Airtel submits conditional bids of around Rs 9,500 crore for debt-ridden RCom' telecom assets

I Squared Capital, which was expected to buy RCom's data centre and optical fibre, also did not submit bids.

Airtel, Reliance Jio submit bids for debt-ridden RCom telecom assets; Committee of Creditors to meet today

RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders have submitted claims of around Rs 49,000 crore in August.

Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process

Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process,

In a first, Anil Ambani threatened with class action suit at AGM after massive erosion of wealth, frequent rating downgrades irk shareholders

"If I do not get satisfactory replies to my questions, in the next two-three months I will file a class action suit against RPower," a shareholder warned Anil Ambani.