Rcom

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.

Their lawyers told the court that several similar petitions against the circular have been filed since 2019 and the petitioners in those matters have been protected by the high court

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.

The exemption, however, deals specifically with the shared spectrum used by companies and does not include their original dues

Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part

On August 14, the top court had sought the details of spectrum sharing pact between RCom and Jio

The bench also asked the Department of Telecom to file the requisite documents in the matter

Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.

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.

It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...

The Department of Telecom has already adjusted Rs 30.33 crore.

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.

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.

Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.

The telecom majors Vodafone Idea and Bharti Airtel had reported huge losses in the July-September period on account of high provisions for outstanding government dues.

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.

Their lawyers told the court that several similar petitions against the circular have been filed since 2019 and the petitioners in those matters have been protected by the high court

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.

The exemption, however, deals specifically with the shared spectrum used by companies and does not include their original dues

Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part

On August 14, the top court had sought the details of spectrum sharing pact between RCom and Jio

The bench also asked the Department of Telecom to file the requisite documents in the matter

Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.

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.

It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...

The Department of Telecom has already adjusted Rs 30.33 crore.

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.

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.

Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.

The telecom majors Vodafone Idea and Bharti Airtel had reported huge losses in the July-September period on account of high provisions for outstanding government dues.