reliance communications

Reliance Communications promoters’ stake has come down to 22 per cent in January-March 2019 quarter, with family and group firms jointly losing more than half of the equities, the telecom firm said.

The National Company Law Appellate Tribunal on Monday said it would decide on the insolvency of debt-ridden Reliance Communications (RCom).

Just at a time when Anil Ambani narrowly escaped a 3-month jail term by paying off Rs 458.77 crore to the Swedish telecom equipment maker Ericsson, fortune seems to not favouring the younger Ambani. In a major setback for him, the asset sale pact between Reliance Communications and elder brother’s Reliance Jio has been mutually called of on Monday.

New Delhi: Racing against time to meet the Supreme Court’s deadline, Reliance Communications (RCom) has paid…

State-owned telecom firm BSNL will approach National Company Law Tribunal this week to recover dues of about Rs 700 crore from Reliance Communications, according to official sources.

The National Company Law Appellate Tribunal Wednesday reserved its order on a petition by Reliance Communications which has approached the tribunal seeking the release of income tax refunds to clear dues of Ericsson.

Lenders of Reliance Communications (RCom) on Tuesday contended before the NCLAT that they have the first right over Rs 260 crore, which the debt-ridden company has received as the income tax refund.

Financial creditors of the debt ridden Reliance Communications on Wednesday opposed its plea to release the Income tax refunds to clear dues of Ericsson before the National Company Law Appellate Tribunal (NCLAT).

The Supreme Court on Wednesday dismissed the contempt case against the chairman of State Bank of India, moved by Ericsson India in the Ericsson-Reliance Communications case.

In a big setback for Anil Ambani, the Supreme Court today held Reliance ADAG chairman guilty of contempt. Pleas were filed by telecom equipment maker Ericsson for not clearing its dues of Rs 550 crore.