Rcom News

Companies

Lenders to RCom hit a DoT hurdle

DoT opposes the insolvency resolution plan for RCom and its unit, RTLThe SC has asked the govt to check if any telco is misusing the insolvency process

1 min read20 Aug 2020
Companies

If spectrum sale not allowed, RCom will be go into liquidation, CoC tells SC

The SBI led Committee of Creditors (CoC) for Reliance Communications (RCom) told the Supreme Court on Wednesday that if spectrum sale is not allowed, then the telecom company will find itself going into liquidation

4 min read19 Aug 2020
Industry

DoT objects to resolution plans of RCom, Reliance Telecom

DoT has also been contesting the proceeds it would receive as an operational creditor to the insolvent company under the current resolution plan

1 min read19 Aug 2020
News

Will go into liquidation if spectrum sale not allowed, RCom lenders tell SC

State Bank of India had last week said removing spectrum from a telco’s assets for insolvency resolution process may threaten a company to not continue as a going concern

2 min read19 Aug 2020
Companies

Spectrum sale allowed as per norms: RCom lenders

Creditors claim that DoT has recognized spectrum as security that can be monetizedSale of spectrum of bankrupt telcos under IBC is critical for financial creditors

2 min read19 Aug 2020
Industry

Reliance Jio may deny liability for RCom’s dues

RCom owes ₹25,199.27 crore in AGR dues, including spectrum usage charge (SUC) and licence feesJio, on the other hand, has already cleared its relatively small AGR dues of ₹195.18 crore in January, complying with the apex court’s October 2019 order

2 min read17 Aug 2020
Companies

Lenders approve resolution plan for RCom

Creditors approve the resolution plans submitted by Reliance Jio and UVARC for Reliance Communications’ businessesRCom’s 38 lenders will recover ₹23,000 crore, which is more than 70% of the ₹33,000 crore in outstanding secured debt

1 min read4 Mar 2020
Companies

Creditors' vote on RCom resolution delayed by Chinese New Year

To accommodate these lenders, the CoC is now extending by 2 weeks the deadline for RCom’s insolvency proceedings.

2 min read17 Jan 2020
Industry

Creditors to bankrupt RCom split on resolution process

Domestic banks in favour of selling assets to Jio, UV ARC, while foreign banks seek to drive a hard bargainJio has made the highest upfront cash offer of ₹3,720 crore for RCom subsidiary Reliance Infratel

3 min read15 Jan 2020
Markets

Stocks to Watch: Reliance Industries, Shriram Transport, RCom, Equitas Holdings

Here’s a list of stocks that may be in news on Tuesday

3 min read17 Dec 2019
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