Accounts of Anil Ambani s Reliance Companies Declared Fraud: SBI To Delhi High Court Accounts of Anil Ambani s Reliance Companies Declared Fraud: SBI To Delhi High Court Under Reserve Bank rules, an account can turn into a Non Performing Asset for default of payment for a period. Once an account is declared as fraud , the matter has to be reported to the Reserve Bank and request made for a CBI inquiry if the amount involved in the fraud is above Rs 1 crore
New Delhi:
The bank accounts of Reliance Communication, Reliance Telecom and Reliance Infratel all owned by Anil Ambani have been classified as fraud the State Bank of India has told the Delhi High Court, opening up possibilities of a probe by the Central Bureau of Investigation. The court has asked the bank to maintain status quo on the accounts.
Synopsis
According to the notice inviting application (NIA), applications can continue till February 5. The auctions in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands will be the first conducted after 2016. ET in its January 5 edition had written that NIAs will get rolled out this week.
New Delhi: New Delhi: India’s first spectrum auction in over four years will kick off from March 1, setting the stage for Reliance Jio,
Vodafone Idea (Vi) to bid for airwaves worth Rs 3.92 lakh crore at base price. Industry analysts see a muted response, given the straitened condition of the telecom sector, and expect the government to generate only Rs 40,000-50,000 crore from the sale.
Delhi Hc Asked Sbi To Maintain Status Quo On Accounts Of Anil Ambani Firms Rcom Reliance Telecom - न्यायालय ने Sbi को दिया अनिल अंबानी की कंपनियों के खातों पर यथास्थिति बनाए रखने का आदेश amarujala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amarujala.com Daily Mail and Mail on Sunday newspapers.
Uses sale proceeds to reduce debt by 20% Reliance Infrastructure announced that Delhi-Agra (DA) Toll Road has ceased to be the subsidiary of the Company from 31 December 2020 on account of transfer of 100% shares held by the Company to Cube Highways and Infrastructure III for an enterprise value over Rs 3600 crore.
The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube Highways and Infrastructure III and has now been completed with transfer of shares of the DA Toll Road and receipt of sale consideration.
Cube Highways and Infrastructure III is a Singapore-based company
formed by Global Infrastructure Fund - I Squared Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.
Bharti Airtel Shares Fall 2% After Jio Makes Domestic Calls Free From January 1 moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.