Page 14 - Reliance Projects News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, fo...

RIL's FY21 Annual Report shows improved quality of earnings ​ By IANS | ​ 0 Views Rupees.. Image Source: IANS News New Delhi, June 6 : RIL's FY21 Annual Report showed improved quality of earnings, elevated capex, cashflows impacted by repayment of interest-bearing liabilities and sharp reduction in net debt, as per a report by Jefferies. Digital and omnichannel are focus areas in Retail where disclosures didn't include segmental details. Driving 2G to 4G transition is the key focus area for Jio. Shift to renewables for captive consumption, increased ESG focus and higher chemical convers...

Reliance Infratel creditors to get ₹3,515 crore after NCLT upholds Doha Bank plea March 03, 2021 × The National Company Law Tribunal’s (NCLT) Mumbai has upheld a petition filed by Doha Bank that would help in full recovery of ₹3,515 crore for the financial creditors of Reliance Infratel Ltd (RITL). Doha Bank, one of the financial creditors of RITL, had filed an application against the corporate guarantee holders of Reliance Communications Ltd (RCom) and Reliance Telecom Limited (RTL), seeking priority payment for the financial creditors of RITL. The bank was seeking priority payment fr...