Rcom

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Rcom - Total results - 280
RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share
Business

RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share

With lenders approving a Rs 23,000 crore resolution plan for Reliance Communication, as much as Rs 5,500 crore will flow to Chinese banks, clearing about 55 percent of their principal dues, including of those lenders to whom firm's promoter Anil Ambani had allegedly given a personal guarantee

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report
Business

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report

Under the plan, 38 lenders of RCom can recover over 70 percent of their outstanding of Rs 33,000 crore secured debt

RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%
Business

RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%

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

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

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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.

In a first, RCom AGM to be chaired by resolution professional today; firms in diversified group to hold their AGMs
Business

In a first, RCom AGM to be chaired by resolution professional today; firms in diversified group to hold their AGMs

RCom itself sought bankruptcy early February after its efforts to sell spectrum to Reliance Jio failed due to regulatory delays

NCLAT asks RCom to approach NCLT for Rs 577-cr refund from Ericsson, allows resolution professional to appeal in case of adverse order
Business

NCLAT asks RCom to approach NCLT for Rs 577-cr refund from Ericsson, allows resolution professional to appeal in case of adverse order

Reliance Communications (RCom) is presently going through the Corporate Insolvency Resolution Process under the supervision of the Mumbai-bench of National Company Law Tribunal.

Anil Agarwal's Twin Star Tech not to bid for debt-ridden RCom's assets; to make formal announcement soon
Business

Anil Agarwal's Twin Star Tech not to bid for debt-ridden RCom's assets; to make formal announcement soon

RCom lenders have claimed dues of around Rs 49,000 crore on the company till May 2019.

Reliance Jio, Airtel likely to bid for RCom's physical assets; firms not keen to buy spectrum held by telco
Business

Reliance Jio, Airtel likely to bid for RCom's physical assets; firms not keen to buy spectrum held by telco

NCLT in May superseded RCom board and appointed a resolution to run the company and also allowed the SBI-led consortium of 31 banks to form a committee of creditors.

NCLAT dismisses contempt petition against Anil Ambani over RCom payment default
Business

NCLAT dismisses contempt petition against Anil Ambani over RCom payment default

The National Company Law Appellate Tribunal on Tuesday dismissed a contempt petition filed against Reliance Group Chairman Anil Ambani and other officials by minority shareholders alleging non-payment of dues by Reliance Infratel

NCLAT reserves order on admission of contempt plea filed against Anil Ambani, other officials
Business

NCLAT reserves order on admission of contempt plea filed against Anil Ambani, other officials

The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order over the admission of a contempt petition filed against Reliance Group Chairman Anil Ambani and its other officials by minority shareholders alleging non-payment of dues by Reliance Infratel

Reliance Jio, BSNL drive telecom subscriber base to 1,183.77 mn in April: TRAI data
Business

Reliance Jio, BSNL drive telecom subscriber base to 1,183.77 mn in April: TRAI data

The country's telecom subscriber base grew marginally to 1,183.77 million in April on account of net mobile customers gain by Reliance Jio and state-run telecom firm BSNL, according to the Telecom Regulatory Authority of India's (TRAI) report released on Monday