RCOM Lenders Say NO To Anil Ambani Jumping The Ship

Reliance Communications Limited (RCOM) has rejected the resignations tendered by Anil Dhirubhai Ambani and four other directors, instructing them to continue holding their posts till the insolvency resolution process of RCOM is completed.

Anil Ambani resigns from bankrupt Reliance Communications

Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.

Anil Ambani in troubled waters yet again

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Reliance Marine, a subsidiary of the Anil Ambani-led Reliance Naval and Engineering, under the insolvency and bankruptcy code (IBC) proceedings almost two years after the application was first filed, as per ET reports.

No relief for Anil Ambani, Reliance Naval nears bankruptcy

Lenders led by IDBI Bank have turned down a resolution plan proposed by Reliance Naval & Engineering, which has not been servicing its more than Rs 9,000 crore of debt for several months now.

Anil Ambani hopes to cut Reliance Infra debts by leasing out Mumbai HQ

To raise funds to pay off debts, Reliance Group is looking to lease out its headquarters based in prime suburbs of Mumbai.

Anil Ambani’s Reliance Capital in recovery mode post RNAM’s stake sale

RNAM’s stake sale, monetisation of other assets to cut Reliance Capital’s debt by 70 pc The second offer for sale (OFS) announced by Reliance Capital to sell its 2.86 per cent shareholding in Reliance Nippon Life Asset Management (RNAM) has…

Anil Ambani’s Reliance Group repays ₹35,000 cr

Reliance Group Chairman Anil Ambani on Tuesday said that the Group has cleared debt amounting to a staggering Rs 35,000 crore in the last 14 months.

Anil Ambani urges life support for debt-ridden NBFCs

Reliance group chairman Anil Ambani talked about the full-blown crisis faced by Reliance Capital. He thinks the contagion and cascading effects on the economy are clearly visible.

Rahul Gandhi declares PM Modi is Chowkidar for Anil Ambani

While addressing Jan Bhawna Rally in Bihar’s Purnia, Congress President Rahul Gandhi said, Earlier he used to say make me Prime Minister, whatever you want you will get it, and now he says we are Chowkidars, entire nation is Chowkidar.…

The ‘Mukesh Ambani Connection’ to Anil Ambani’s Decline

Headlines are screaming Anil Ambani Faces Jail Due To Non-Payment Of Dues. Will Mukesh Ambani again feature in Anil Ambani’s story — this time to ‘bail’ him out?  DKODING Newsline: Feb 21, 2019 For an average Indian, Reliance Communication filing…