Articles for Reliance Communications

Arbitration Cases Monthly Digest: July 2024
4 months, 4 weeks ago

Arbitration Cases Monthly Digest: July 2024

Live Law  

Supreme Court Avoid Bulky Pleadings & Lengthy Submissions In Arbitration Appeals : Supreme Court To Advocates Case Title: Bombay Slum Redevelopment Corporation Private Limited Versus Samir Narain Bhojwani Citation : 2024 LiveLaw 445 Expressing displeasure over the filing of bulky and lengthy submissions in the arbitral proceedings, the Supreme Court on Monday called upon the Bar to urge only the …

India Justice Supreme Court High Court Arbitration Railways Court
[AGR Case] Reliance Jio Tells SC That It Has Paid Its Share Of AGR Dues & Spectrum Sharing Dues; SC To Continue Hearing Tomorrow
4 years, 4 months ago

[AGR Case] Reliance Jio Tells SC That It Has Paid Its Share Of AGR Dues & Spectrum Sharing Dues; SC To Continue Hearing Tomorrow

Live Law  

The Supreme Court on Tuesday was informed by Senior Advocate Harish Salve that Reliance Jio had already paid Rs 195 crore AGR dues and that if there were any remaining dues, if at all, they would be paid by Jio as well.Salve submitted before a bench of Justices Ashok Bhushan, S. Abdul Nazeer & MR Shah that the payment of …

Supreme Court Telecom Court Companies Jio Department Centre
[AGR Case] SC Seeks Centre's Response On Whether Reliance Jio Should Pay R-Com's Dues
4 years, 4 months ago

[AGR Case] SC Seeks Centre's Response On Whether Reliance Jio Should Pay R-Com's Dues

Live Law  

The Supreme Court on Monday asked the Department of Telecommunications, to file a detailed response on the issue of recovering Reliance Communications' Adjusted Gross Revenue dues from Reliance Jio.A bench of Justices Arun Mishra, BR Gavai & Krishna Murari told the Centre that there exists a difference of opinion between two of its ministers, to file a detailed response on …

Supreme Court Telecom Court Pay Department Mehta Centre
Supreme Court Weekly Round Up
4 years, 4 months ago

Supreme Court Weekly Round Up

Live Law  

SC Holds Prashant Bhushan Guilty Of Contempt For Tweets Against Judiciary; Will Hear Him On Sentence The Supreme Court on Friday held Advocate Prashant Bhushan guilty of contempt of court in the suo moto contempt case taken against him over two of his tweets about the Chief Justice of India and the Supreme Court. SC Orders De-Sealing Of Properties In …

India Rajasthan Justice Delhi Supreme Court Maharashtra Contempt
[AGR Case] 'Why Shouldn't Jio Pay Dues Of Reliance Communications For Using Its Spectrum?' SC Asks Reliance Jio [Read Order]
4 years, 4 months ago

[AGR Case] 'Why Shouldn't Jio Pay Dues Of Reliance Communications For Using Its Spectrum?' SC Asks Reliance Jio [Read Order]

Live Law  

The Supreme Court on Friday stated that Reliance Jio must pay Reliance Communications' AGR dues in light of the fact that it was using the latter's spectrum since 2016. A bench of Justices Arun Mishra, S. Abdul Nazeer & MR Shah directed the Centre, Reliance Jio and Reliance Communication's to produce necessary documents in order to bring to light who …

Supreme Court Court Pay Order Jio Nclt Centre
[AGR Case] 'Can Spectrum Be Sold In Insolvency Proceedings?' SC Examines Bona Fides Of Telecos' Bankruptcy Claims
4 years, 5 months ago

[AGR Case] 'Can Spectrum Be Sold In Insolvency Proceedings?' SC Examines Bona Fides Of Telecos' Bankruptcy Claims

Live Law  

The Supreme Court on Monday sought the Centre's response on whether Telecom Spectrum can be sold/auctioned in the insolvency proceedings faced by the telecom companies.The Court posed this query while examining the bona fides of bankruptcy claims of Reliance Communications, Aircel and Videocon. The Supreme Court on Monday sought the Centre's response on whether Telecom Spectrum can be sold/auctioned in …

Supreme Court Court Insolvency Companies Department Proceedings Supreme
NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore
4 years, 6 months ago

NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore

India TV News  

The National Company Law Tribunal on Tuesday reserved its order on the State Bank of India plea against Anil Ambani to recover over Rs 1,200 crore under the personal guarantee clause of the bankruptcy law. Anil Ambani had given a personal guarantee to the loans given to Reliance Communications and Reliance Infratel. In early 2019, Reliance Communications, once the flagship …

Nclt Ambani Reliance Communications
UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm
4 years, 7 months ago

UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm

Firstpost  

A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited in 2012 for global refinancing. London: A UK court on Friday directed Reliance Group chairman Anil Ambani to pay nearly $717 million to three Chinese banks pursuing the recovery of funds owed to them as part of …

India Bank Loan Chinese Banks Spokesperson Court Orders
Telecom majors seek more time from govt; may miss 23 January deadline to pay AGR dues to DoT
4 years, 11 months ago

Telecom majors seek more time from govt; may miss 23 January deadline to pay AGR dues to DoT

Firstpost  

Telecom companies, including Vodafone Idea, Bharati Airtel and Tata Teleservices are likely to seek more time to pay the AGR dues to the government. On 16 January, the Supreme Court dismissed the plea of telecom majors, including Bharti Airtel and Vodafone Idea, seeking review of certain directions of the Supreme Court on recovery of past dues amounting to Rs 1.47 …

Supreme Court Court Companies Pay Crore Pti Dues
SC Dismisses Centre's Appeal Against TDSAT Order To Refund Rs 104 Crores To Reliance Communications [Read Judgment]
5 years ago

SC Dismisses Centre's Appeal Against TDSAT Order To Refund Rs 104 Crores To Reliance Communications [Read Judgment]

Live Law  

In a relief to Reliance Communications Ltd, the Supreme Court on Tuesday dismissed the appeal filed by Central Government against the order of Telecom Disputes Settlement & Appellate Authority directing refund of around Rs 104 crore to telecom company. The TDSAT had on December 21, 2018 directed the Centre to return around Rs 104 crore after encashing bank guarantee of …

Telecom Bank Union Order Crore Crores Centre
Reliance Communications creditors may seek more time to complete asset sale process
5 years ago

Reliance Communications creditors may seek more time to complete asset sale process

India TV News  

Reliance Communications' committee of creditors is likely to seek an extension of debt sale process beyond January 10 till February-end from the National Company Law Tribunal, according to sources. But, now, CoC will seek an extension of deadline till February-end," one of the sources who is involved in the process told PTI. Bharti Airtel, Reliance Jio, Varde Capital and UV …

Coc Reliance Communications Sale Process Communications Creditors Complete Asset
UK court dismisses Chinese bank plea for conditional order in $680 mn claim against RCom chief Anil Ambani
5 years ago

UK court dismisses Chinese bank plea for conditional order in $680 mn claim against RCom chief Anil Ambani

Firstpost  

The hearing in the matter took place on 7 November and the order was issued on Monday, a spokesperson for Anil Ambani said in a statement. New Delhi: UK High Court has dismissed an application filed by Industrial and Commercial Bank of China Limited for a ‘summary judgement in its claims of $680 million against RCom Chairman Anil Ambani. The …

Court Order Chinese Banks Claim Ambani Summary
UK High Court dismisses $680-mn claim application by Chinese banks against Anil Ambani
5 years ago

UK High Court dismisses $680-mn claim application by Chinese banks against Anil Ambani

Firstpost  

UK High Court has dismissed a $680 million claim application filed by Chinese banks against Reliance Communications Chairman Anil Ambani, a spokesperson of Ambani said on Monday New Delhi: UK High Court has dismissed a $680 million claim application filed by Chinese banks against Reliance Communications Chairman Anil Ambani, a spokesperson of Ambani said on Monday. UK High Court has …

High Court High Chinese Banks Claim Reliance Ambani
Bharti Airtel, two others bid for bankrupt RCom’s assets
5 years, 1 month ago

Bharti Airtel, two others bid for bankrupt RCom’s assets

Live Mint  

Bharti Airtel Ltd, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Ltd have submitted their resolution plans for Reliance Communications Ltd that is undergoing insolvency proceedings. According to information available on the RCom’s website, the company owed financial creditors ₹49,193.46 crore at the time of being taken to bankruptcy court in May last year. Reliance Communications’ assets include spectrum, …

Bank Reliance Reliance Communications Rcom
Airtel, Jio bid for Reliance Communications telecom assets
5 years, 1 month ago

Airtel, Jio bid for Reliance Communications telecom assets

India TV News  

Bharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden Reliance Communications, according to banking sources involved in the process. RCom has put its all assets for sale which include spectrum holding of 122 MHz that the company before insolvency proceedings estimated to be around Rs 14,000 crore, towers business for …

Assets Jio Crore Insolvency Proceedings Airtel Reliance Jio Reliance Communications
RCom shares rally 6 per cent to hit upper circuit on asset sale buzz
5 years, 1 month ago

RCom shares rally 6 per cent to hit upper circuit on asset sale buzz

India TV News  

Shares of Reliance Communications hit their upper circuit on Monday, rising over 6 per cent, amid reports that Bharti Airtel, Reliance Industries and three others may bid for the assets of debt-ridden company. Meanwhile, Bharti Airtel was trading 3.81 per cent higher at Rs 437.05 and Reliance Industries was up 1.04 per cent at Rs 1,562.45 on the BSE. Bharti …

Reliance Industries Cent Reliance Bharti Airtel Asset Upper Circuit Reliance Communications
Reliance Communications lenders reject resignation of Anil Ambani, 4 other directors
5 years, 1 month ago

Reliance Communications lenders reject resignation of Anil Ambani, 4 other directors

India TV News  

Reliance Communications on Sunday said its lenders have rejected the resignation of Chairman Anil Ambani and four other directors, and asked them to cooperate in the ongoing corporate insolvency resolution process. The filing further said: ".it is being duly communicated to the aforesaid directors of RCom that their resignations have not been accepted and they are advised to continue to …

Directors Reliance Communications Rcom Lenders Reject
Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process
5 years, 1 month ago

Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process

Firstpost  

Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process, New Delhi: Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process, according to a regulatory filing. The company, which is going through insolvency process, had made a profit of …

Insolvency Company Crore Resign Ambani Anil Insolvency Process
Anil Ambani resigns as director of Reliance Communications
5 years, 1 month ago

Anil Ambani resigns as director of Reliance Communications

India Today  

A day after details of losses incurred by Reliance Communications in the second quarter of 2019-2020 were made public, Reliance Communications on Saturday said Anil Dhirubhai Ambani resigned as the company's director. "Your good office is hereby informed of the resignations tendered by the following directors of Reliance Communications Limited: Anil D Ambani, Chhaya Virani, Ryna Karani, Manjari Kacker and …

Director Communications Reliance Ambani Anil Reliance Communications Manjari Kacker
NCLT appoints Aneesh Nanavati of Deloitte as RP for Reliance Communications
5 years, 6 months ago

NCLT appoints Aneesh Nanavati of Deloitte as RP for Reliance Communications

Live Mint  

Mumbai: The bankruptcy tribunal Friday approved the appointment of Aneesh Nanavati of Deloitte as the resolution professional for Reliance Communications and its two subsidiaries--Reliance Telecom and Reliance Infratel. In an exchange filing on June 17, RCom said three Chinese banks -- China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China-- have made claims worth ₹14,775 …

China Bank Crore Nclt Reliance Reliance Communications Nanavati
Reliance Communications rubbishes French media report on tax issue
5 years, 8 months ago

Reliance Communications rubbishes French media report on tax issue

India TV News  

The Reliance Communications on Saturday rubbished a media report which claimed that taxes to the tune of 143.7 million euro were waived by the French authorities for a France-based company of Anil Ambani "just a few months" after Prime Minister Narendra Modi announced the decision to buy 36 Rafale fighters in 2015. In a statement issued here, the Reliance Communications …

Tax French Rafale Reliance Tax Issue Reliance Communications Reliance Flag
Anil Ambani firm got 143.7 million euro tax waiver after Rafale deal announcement, claims French newspaper Le Monde
5 years, 8 months ago

Anil Ambani firm got 143.7 million euro tax waiver after Rafale deal announcement, claims French newspaper Le Monde

Firstpost  

Reliance Communications rejected any wrongdoing and said the tax dispute was settled under legal framework which is available for all companies operating in France. New Delhi: France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani’s Reliance Communications in 2015, months after India’s announcement of buying 36 Rafale jets, a leading French newspaper Le Monde …

France French Million Euros Euro Rafale Authorities
Reliance vs Ericsson: Unsecured Creditor Walks Away With Money; Banks Clueless About Recovery
5 years, 9 months ago

Reliance vs Ericsson: Unsecured Creditor Walks Away With Money; Banks Clueless About Recovery

Live Law  

In the scheme of the Insolvency and Bankruptcy Code, the claims of operational creditors rank lower than the claims of secured financial creditors.But in the recent Reliance-Ericsson dispute, the unsecured operational creditor managed to upstage the financial creditors. Ericsson Indian Pvt Ltd, an operational creditor of Reliance Communications, has managed to claim nearly 50% of its dues by going through …

Financial Insolvency Sale Assets Process Jio Nclt
Anil Ambani gets bailout from brother Mukesh to avoid jail time
5 years, 9 months ago

Anil Ambani gets bailout from brother Mukesh to avoid jail time

CNN  

New Delhi CNN Business — India’srichest man just helped his cash-strapped younger brother avoid months in prison by paying off debts worth tens of millions of dollars. The gesture by Mukesh Ambani to bail out his brother, Anil, is the latest twist in a sibling sagathat has gripped India’s telecommunications industry.A price war started by Mukesh in 2016 nearly put …

Business India Brother Billion Mukesh Ambani Mukesh Ambani