Rcom Debt News

Companies

RCom-Reliance Jio deal in a limbo over bank guarantee

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 2019
Companies

Govt moves SC for bank guarantee from RCom before Jio deal

RCom'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 2018
Companies

RCom to exit telecom fully to focus on realty: Anil Ambani

Reliance 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 2018
Companies

Overseas bondholders approve plan to ease RCom’s debt burden

Reliance 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 2018
Companies

Crunch time comes for RCom debt restructuring

Reliance 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 2018
Companies

RCom settles Ericsson dues, asset sale to Reliance Jio gets NCLAT nod

The NCLAT also halted bankruptcy proceedings ordered two weeks ago against debt-laden Reliance Communications (RCom)

2 min read30 May 2018
Companies

RCom unit settles dues with HSBC Daisy, withdraws NCLAT plea for asset sales

Reliance 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 2018
Companies

RCom offers to pay Ericsson Rs500 crore to settle dispute

Reliance 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 2018
Companies

RCom says unit reaches settlement with minority shareholders

Reliance Communications (RCom) unit Reliance Infratel informs NCLAT that it has reached a settlement with its minority shareholders

1 min read29 May 2018
Companies

RCom moves NCLAT challenging NCLT order allowing its insolvency

Ericsson had filed a plea with NCLT seeking bankruptcy proceedings against Reliance Communications over settlement of dues

1 min read22 May 2018
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