RCom's Bankruptcy Proceedings Begin; Next Hearing On May 30
The National Company Law Tribunal Thursday allowed Reliance Communications (RCom) to exclude the 357 days spent in litigation and admitted it for insolvency. RCom, which...
Tag : RCOM
RCap Seeks To Raise Fund Through Fresh Equity Sale
RHFL has a loan book of more than Rs 17,000 crore while that of RCFL is over Rs 16,000 crore, therefore, the company will seek...
Reliance Industries Debts Are Still Elevating Higher
Reliance Industries debt elevated higher in at least nine years in fiscal ended March even as Indian most valuable company set apart its tower and...
RCom Promoters Shareholding Declines to 22 Percent
With family and group firms jointly losing more than half of the shares, in January –March quarter, Reliance Communications Ltd. promoters stake has declined to...
Will Ericsson’s Rs. 550-Crore Win Be Short-Lived?
The Reliance Communications Ltd. and Ericsson AB saga has gone through many twists and turns–an insolvency application followed by a conditional stay, settlement offer, desperate...
RCom Against Closing Insolvency Plea Ericsson wants it Withdrawn
The Reliance Communication and Ericsson strain carried over in the Supreme Court with the Swedish company called for the closing of the insolvency proceedings started...
Reliance Communication Passes In NCLAT To Stop Permit Cancellation
Reliance communications have moved National Company Law Appellate Tribunal on the matter to not cancel its mobile permits for missing a spectrum payment. The telecommunications...
Muskesh Ambani Saved His Younger Sibling Anil Ambani to Face Jail
Asia’s wealthiest man Mukesh Ambani has helped to save his younger brother to face jail, stepping in to make an 80 million dollar payment for...
Income Tax Refund Is Not Helping RCom to Clear Ericsson’s Dues
The National Company Law Appellate Tribunal denies permitting release of refunds to help Reliance Communications pay Ericsson’s dues and restrain the causality of Supreme court...
Rcom's Financial Creditors Not In Favor Of Using Tax Refunds
The debt-laden Reliance Communications Ltd’ financial creditors have opposed Rcom’s plea to release the income tax refunds, for the purpose of paying dues to Ericsson,...