Anil Ambani Rcom
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Reliance Jio Gets NCLT’s Nod to Acquire Reliance Infratel
Reliance Jio has received the National Company Law Tribunal (NCLT)’s approval for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets.
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In Anil Ambani Hearing, Court Asks Centre About Including Chinese Banks
The Delhi High Court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of 717 million dollars against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies.
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Anil Ambani Faces Crisis As SBI Moves To Recover Rs 1,200 Crore From Him
Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.
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RCom's Anil Ambani Has To Pay $100 Million By End Of Day
The brother of one of Asia's most wealthy men and a one-time billionaire himself lost an attempt to appeal a U.K. court order that he set aside $100 million in his dispute with three Chinese banks.
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Government To Refund Rs 104 Crore To RCom After Top Court Rejects Request
The Department of Telecom has already adjusted Rs 30.33 crore.
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Opinion: $680 Million Question of What Anil Ambani Knew
The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from the former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012 to secure a $925 million loan for Reliance Communications Ltd., his mobile services firm that's now in bankruptcy.
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Anil Ambani's Resignation Rejected By Reliance Communications Lenders
According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20.
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Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications
Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.
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Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March
Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months through asset disposals, excluding Reliance Communications.
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Unit Of Anil Ambani's Reliance Communications Files For Bankruptcy
Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.
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Anil Ambani Plans Rs 21,700-Crore Asset Sales To Cut Massive Debt: Report
Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects
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Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm
Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly pay off lenders
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Tribunal Admits Anil Ambani's Reliance Communications For Bankruptcy
Anil Ambani's Reliance Communications was forced to discontinue operations two years ago after his elder brother Mukesh Ambani's Reliance Jio Infocomm disrupted the telecom industry in 2016 by launching aggressively prices data and voice call plans.
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Opinion: Take A Bow, Ericsson, In How You Handled Anil Ambani Case
To see just how badly they have bungled RCom, consider the stinging rebuke the lenders received from an appeals judge at India's bankruptcy tribunal last week:
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Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off
Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.
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Reliance Jio Gets NCLT’s Nod to Acquire Reliance Infratel
Reliance Jio has received the National Company Law Tribunal (NCLT)’s approval for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets.
-
In Anil Ambani Hearing, Court Asks Centre About Including Chinese Banks
The Delhi High Court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of 717 million dollars against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies.
-
Anil Ambani Faces Crisis As SBI Moves To Recover Rs 1,200 Crore From Him
Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.
-
RCom's Anil Ambani Has To Pay $100 Million By End Of Day
The brother of one of Asia's most wealthy men and a one-time billionaire himself lost an attempt to appeal a U.K. court order that he set aside $100 million in his dispute with three Chinese banks.
-
Government To Refund Rs 104 Crore To RCom After Top Court Rejects Request
The Department of Telecom has already adjusted Rs 30.33 crore.
-
Opinion: $680 Million Question of What Anil Ambani Knew
The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from the former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012 to secure a $925 million loan for Reliance Communications Ltd., his mobile services firm that's now in bankruptcy.
-
Anil Ambani's Resignation Rejected By Reliance Communications Lenders
According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20.
-
Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications
Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.
-
Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March
Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months through asset disposals, excluding Reliance Communications.
-
Unit Of Anil Ambani's Reliance Communications Files For Bankruptcy
Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.
-
Anil Ambani Plans Rs 21,700-Crore Asset Sales To Cut Massive Debt: Report
Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects
-
Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm
Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly pay off lenders
-
Tribunal Admits Anil Ambani's Reliance Communications For Bankruptcy
Anil Ambani's Reliance Communications was forced to discontinue operations two years ago after his elder brother Mukesh Ambani's Reliance Jio Infocomm disrupted the telecom industry in 2016 by launching aggressively prices data and voice call plans.
-
Opinion: Take A Bow, Ericsson, In How You Handled Anil Ambani Case
To see just how badly they have bungled RCom, consider the stinging rebuke the lenders received from an appeals judge at India's bankruptcy tribunal last week:
-
Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off
Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.
