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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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High Court Asks SBI To Maintain Status Quo On Accounts of RCom, Reliance Telecom, Reliance Infratel
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
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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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Supreme Court Exempts Jio, Airtel Of Rs 40,000 Crore Dues Owing To Spectrum Sharing
The exemption, however, deals specifically with the shared spectrum used by companies and does not include their original dues
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Vodafone Idea Crashes 20%, Airtel, RCom Stocks Edge Higher On AGR Verdict
Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part
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Paid Rs 195 Crore AGR-Related Dues, Reliance Jio Tells Supreme Court
On August 14, the top court had sought the details of spectrum sharing pact between RCom and Jio
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Supreme Court Seeks Details Of RCom, Jio Spectrum Sharing Pact
The bench also asked the Department of Telecom to file the requisite documents in the matter
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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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Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea
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...
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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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Bharti Airtel Shares Spike Over 8% After Q2 Results
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.
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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.
-
High Court Asks SBI To Maintain Status Quo On Accounts of RCom, Reliance Telecom, Reliance Infratel
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
-
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.
-
Supreme Court Exempts Jio, Airtel Of Rs 40,000 Crore Dues Owing To Spectrum Sharing
The exemption, however, deals specifically with the shared spectrum used by companies and does not include their original dues
-
Vodafone Idea Crashes 20%, Airtel, RCom Stocks Edge Higher On AGR Verdict
Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part
-
Paid Rs 195 Crore AGR-Related Dues, Reliance Jio Tells Supreme Court
On August 14, the top court had sought the details of spectrum sharing pact between RCom and Jio
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Supreme Court Seeks Details Of RCom, Jio Spectrum Sharing Pact
The bench also asked the Department of Telecom to file the requisite documents in the matter
-
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.
-
Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea
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...
-
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.
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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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Bharti Airtel Shares Spike Over 8% After Q2 Results
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.
