Reliance Telecom

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr

Reliance Jio has placed Rs 4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd (RITL), a subsidiary of RCom

Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 May

At 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.

NCLAT to decide over insolvency plea of debt-ridden RCom; tribunal to consider DoT's reply on 30 April

Earlier 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.

IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books faster

IDBI 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

Reliance Communications seeks lenders' nod for release of Rs 260 cr in bank account to Ericsson

Reliance Communications said it is confident of raising the remaining about Rs 200 crore for payment to Ericsson

A day after Supreme Court verdict against Anil Ambani, RCom asks lenders to release Rs 260 cr directly to Ericsson

Observing 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.

Ericsson-RCom case: Supreme Court holds Anil Ambani guilty of contempt, asks him to pay dues of Rs 453 cr in 4 weeks

The RCom chairman and others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks, the Supreme Court said.

RCom chairman Anil Ambani reaches Supreme Court in contempt petition filed by Ericsson India

The 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.

SBI to DoT: Cancellation of RCom's spectrum to 'jeopardise' lenders' ability to recover dues

RCom 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.

Supreme Court orders status quo on sale of assets by R-Com to Reliance Jio, posts final hearing on 5 April

The 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