The government has refused a no objection certification (NoC) for RCom's asset sale to Reliance Jio without an undertaking from the latter to settle past dues
3 min read8 Jan 2019RCom's counsel Kapil Sibal said the company was not in a position to make the payment as it was undergoing insolvency proceedings
3 min read27 Nov 2018Reliance Communications's first priority is to resolve its over 40,000 crore debt, says Reliance Group chairman Anil Ambani at the RCom AGM
2 min read18 Sep 2018Reliance Communications has been working against the clock to reach agreements with all its creditors by 27 August or face insolvency proceedings
1 min read24 Aug 2018Reliance Communications, controlled by Anil Ambani, is in the midst of restructuring the $300 million dollar bonds and plans to meet those bondholders on 24 August to seek approval on extraordinary resolutions
2 min read21 Aug 2018The NCLAT also halted bankruptcy proceedings ordered two weeks ago against debt-laden Reliance Communications (RCom)
2 min read30 May 2018Reliance Infratel on Tuesday withdrew its petition from NCLAT seeking permission to sell its tower and fibre assets after settlement deal with HSBC Daisy Mauritius
1 min read30 May 2018Reliance Communications, or RCom, has offered to pay Rs500 crore to Ericsson India to settle a dispute related to unpaid dues of over Rs1,150 crore
2 min read29 May 2018Reliance Communications (RCom) unit Reliance Infratel informs NCLAT that it has reached a settlement with its minority shareholders
1 min read29 May 2018Ericsson had filed a plea with NCLT seeking bankruptcy proceedings against Reliance Communications over settlement of dues
1 min read22 May 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared