Page 46 - Resolution Professional News Today

Classification as fraud account unjustified: RCom In the case of Reliance Infratel, Reliance Jio unit Reliance Digital Platform is the successful Resolution Applicant and lenders will get Rs 4,400 crore from the implementation. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  After several Indian banks marked the loan accounts of Reliance Communications Ltd and two other subsidiaries as fraudulent, the bankrupt Anil Ambani-led firm released a statement Wednesday calling...

 7 Three State-run lenders, State Bank of India (SBI), Union Bank of India (UBI) and Indian Overseas Bank (IOB), have classified accounts of the Anil Ambani owned Reliance Communication Ltd (RCom) and its two units Reliance Telecom Ltd (RTel) and Reliance Infratel Ltd (RInfra) as fraudulent.   Further, the Delhi High Court (HC) has opined that the Union government is free to take any steps, or investigate or file any complaint proceedings against RCom and RTel. The resolution professional for...

Reliance Group says allegations of fraud unjustified and unwarranted SECTIONS Share Synopsis "The alleged ‘fraud’ classification by certain banks is entirely unjustified and unwarranted, and the ...Delhi High Court by an interim order has directed the same to be kept in abeyance for the time being, and the matter is now sub judice," the Reliance Group said in a statement Wednesday. RCom is believed to have moved the Delhi High Court, challenging the classification. Hearing the petition, th...

RCom group owes around Rs 26,000 crore to Indian banks, financial institutions, says company PTI New Delhi:  Debt-ridden telecom firm Reliance Communications Wednesday said the group owes around Rs 26,000 crore to Indian banks and financial institutions. The Indians banks, vendors and other creditors have made claims of around Rs 86,000 crore on the company which is currently going through insolvency proceedings. “As per figures certified by the Resolution Professional appointe...

Reliance Group refutes false and mischievous campaign on RCOM in social media ​ By IANS | Published on ​ Wed, Dec 30 2020 15:21 IST | ​ 0 Views Social media. (File Photo: IANS). Image Source: IANS News Mumbai, Dec 30 : Refuting social media posts stating that the R Com group of companies owes Rs 86,188 crore to Indian banks and financial institutions, a strongly worded statement was issued by a Reliance Group spokesperson on Wednesday. The statement said - It is being falsely and mis...

Synopsis The creditors have submitted claims of around Rs 49,000 crore on RCom, Rs 24,000 crore on Reliance Telecom and Rs 12,600 crore on Reliance Infratel before the National Company Law Tribunal (NCLT). The creditors have submitted claims of around Rs 49,000 crore on RCom, Rs 24,000 crore on Reliance Telecom and Rs 12,600 crore on Reliance Infratel before the National Company Law Tribunal (NCLT). New Delhi: Debt-ridden telecom firm Reliance Communications on Wednesday said the group owes a...

Anil Ambani-led RCom Group owes around Rs 26,000 cr to Indian banks, financial institutions The creditors have submitted claims of around Rs 49,000 crore on RCom, Rs 24,000 crore on Reliance Telecom and Rs 12,600 crore on Reliance Infratel before the National Company Law Tribunal (NCLT) PTI | December 30, 2020 | Updated 22:00 IST Reliance Communications said that Vodafone Idea has reported losses aggregating Rs 1 lakh crore in the last 15 months Debt-ridden telecom firm Reliance Communications...