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.
DoT wants to reclaim spectrum of bankrupt Aircel, RCom
In a move that will make Aircel and Reliance Communications less attractive to buyers and smack their lenders, the department of telecommunications (DoT) intents to oppose the sale of spectrum held by bankrupt telcos during the insolvency resolution process,
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…
Newsline | Anil Ambani: Where did it all go wrong?
The bankruptcy filing of RCOM is only the latest in a series of bad news for Anil Ambani. The decline of his empire is a stark lesson on the perils of over-leverage and excessive diversification. RCOM’s debacle is symbolic of…
Debt-ridden RCOM to take NCLT route
As all other options for a resolution of outstanding debt have failed, RCOM has decided to approach the NCLT Mumbai [India], Feb 3 (ANI): The management of Reliance Communications Limited (RCOM) has decided to approach the National Company Law Tribunal…
Till contempt do us part…
Till contempt do us part… Ericsson has filed a contempt petition in the SC seeking prison time for Anil Ambani from the Government for not clearing its dues. Meanwhile, the government is also being sued for contempt by Anil Ambani…
Big brother refuses to pick the tab for Anil Ambani
Reliance Jio has refused to cover for any pending dues of RCom with the DoT. In response, the DoT has struck down the spectrum trading deal that is so critical for RCom’s revival efforts. Anil Ambani’s efforts to get his company…