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Anil Ambani - Biography

Mr. Anil Dhirubhai Ambani is a Chairman at Reliance Power Ltd., a Chairman at Reliance Communications Ltd., a Chairman at Reliance Gateway Net Ltd., a Chairman at Reliance Capital Ltd., a Chairman at...

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Jio to acquire debt-laden Reliance Infratel after NCLT's approval

In November 2019, Ambani placed a bid of Rs 3,720 crore to acquire tower and fibre assets of the debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications. Reliance Infratel is the holding company for tower and fibre assets of RCom.

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Jio proposes to deposit Rs 3,720 cr in escrow account to acquire RCom's tower, fibre assets

Billionaire Mukesh Dhirubhai Ambani-run Jio placed the bid of Rs 3,720 crore in November 2019 to acquire tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani managed firm Reliance Communications.

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Regulating Creditors : Addressing the Next Frontier of Corporate Bankruptcy Governance

This article attempts to understand the limitations of the Insolvency and Bankruptcy Board of India’s code of conduct. In the larger issue of balancing the interests of bankruptcy governance, it suggests structural reforms to the insolvency and bankruptcy code that aim to foster an expedient resolution process and reduce losses to creditors.

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How SEBI, RBI and IRDAI Turned a Blind Eye for Years as Reliance Capital Crumbled

On 29th November, when the Reserve Bank of India (RBI) superseded the board of Anil Ambani run Reliance Capital Ltd (RCL) and placed it under an administrator, the overwhelming reaction was that, finally, the regulator has bestirred itself to act!

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SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors

SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors
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NCLT adjourns Rel Infratel matter to July 5

NCLT adjourns Rel Infratel matter to July 5
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IANS
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NCLT adjourns Rel Infratel matter to July 5. Image Source: IANS News
Mumbai/Delhi, June 10 : The National Company Law Tribunal (NCLT) on Thursday adjourned the much-awaited Reliance Infratel Ltd 'fraud tag matter to July 5, asking the State Bank of India (SBI) to gather and produce more pleadings, submissions and evidences on that day.
This comes after the SBI curiously chose to withdraw the fraud tag against RCom's tower and fibre company Reliance Infratel Ltd.
Reliance Projects and Property Management Services, a part of Reliance Industries Group, was the successful resolution partner in the CIRP (Corporate Insolvency Resolution Process) of Reliance Infratel Ltd. It won the right to acquire 100 per cent shareholding of Reliance Infratel Ltd.

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NCLT to hear SBI's plea to withdraw Reliance Infratel's fraud tag on July 5

NCLT to hear SBI’s plea to withdraw Reliance Infratel’s fraud tag on July 5
June 10, 2021
The tribunal had sought SBI to produce further evidence and data.
The National Company Law Tribunal’s (NCLT) Mumbai bench will hear State Bank of India’s request to withdraw a “fraudulent” tag it sought for Reliance Infratel Ltd (RITL) on July 5.
On the next hearing date, the tribunal has also asked the country’s largest lender to produce further evidence and data.
In a volte-face, the country’s largest lender on Wednesday moved the tribunal seeking to withdraw the fraud tag on RITL, following an internal forensic audit by SBI that allegedly found questionable transactions worth ₹5,500 crore. The alleged transactions were found in the accounts of three Anil Ambani three firms - Reliance Communications and its subsidiaries Reliance Telecom and RITL.

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SBI to withdraw fraud tag on Rel Infratel Ltd

SBI to withdraw fraud tag on Rel Infratel Ltd
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IANS
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After 28 years, CBI court verdict awaited in Abhaya 'murder' case. Image Source: IANS News
Mumbai/Delhi, June 9 : In a strange turn of events, the State Bank of India (SBI) on Wednesday chose to withdraw the fraud tag against RComs tower and fibre company Reliance Infratel Ltd by filing an affidavit in NCLT Mumbai, stating that it wanted to remove the fraud tag on the company.
Reliance Projects and Property Management Services, a part of Reliance Industries Group, was the successful resolution partner in the CIRP (Corporate Insolvency Resolution Process) of Rel Infratel Ltd. It won the right to acquire 100 per cent shareholding of Rel Infratel Ltd.

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Welcome To IANS Live - BUSINESS - SBI to withdraw fraud tag on Rel Infratel Ltd

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IANSLive
Mumbai/Delhi, June 9 (IANS) In a strange turn of events, the State Bank of India (SBI) on Wednesday chose to withdraw the fraud tag against RComs tower and fibre company Reliance Infratel Ltd by filing an affidavit in NCLT Mumbai, stating that it wanted to remove the fraud tag on the company.

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