Latest News on Reliance Telecom
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Reliance Telecom - Total results - 36
May 09, 2019
Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 MayAt the last hearing, RCom had sought 357 days (from 30 May, 2018 to 30 April, 2019) exclusion in the insolvency process citing the stays it had on the process by the NCLAT and the Supreme Court.
Apr 08, 2019
NCLAT to decide over insolvency plea of debt-ridden RCom; tribunal to consider DoT's reply on 30 AprilEarlier on 4 February, the tribunal had said that until further orders of the NCLAT or the Supreme Court, no one can sell, alienate, or create third-party rights over RCom's assets.
Mar 13, 2019
IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books fasterIDBI Bank is planning to sell bad loans to banks, financial institutions or asset restructuring companies in order to steps up efforts to recover dues from loan offenders
Feb 22, 2019
Reliance Communications seeks lenders' nod for release of Rs 260 cr in bank account to EricssonReliance Communications said it is confident of raising the remaining about Rs 200 crore for payment to Ericsson
Feb 21, 2019
A day after Supreme Court verdict against Anil Ambani, RCom asks lenders to release Rs 260 cr directly to EricssonObserving there was a 'willful default', the Supreme Court ordered RCom to clear the Rs 453 crore dues to Swedish telecom equipment maker Ericsson within four weeks or face a 3-month jail term.
Feb 20, 2019
Ericsson-RCom case: Supreme Court holds Anil Ambani guilty of contempt, asks him to pay dues of Rs 453 cr in 4 weeksThe RCom chairman and others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks, the Supreme Court said.
Feb 12, 2019
RCom chairman Anil Ambani reaches Supreme Court in contempt petition filed by Ericsson IndiaThe Supreme Court of India had issued notice to Anil Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues.
Jul 27, 2018
SBI to DoT: Cancellation of RCom's spectrum to 'jeopardise' lenders' ability to recover duesRCom is under debt resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC) and has not been paying any dues till the completion of the process.
Mar 23, 2018
Supreme Court orders status quo on sale of assets by R-Com to Reliance Jio, posts final hearing on 5 AprilThe SC directed maintenance of status quo on sale of assets of Anil Ambani-led Reliance Communication to Reliance Jio on a plea of a banks' consortium
Dec 21, 2017
Unitech, D B Realty rally up to 20% as Raja, Balwa and others acquitted in 2G spectrum caseAfter the 2g spectrum case verdict, Unitech surged 19.91 percent, D B Realty 19.89 percent, RCom 13.49 percent and Sun TV Network 5.98 percent on BSE.