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Aurangabad HC orders de-sealing of 6 Reliance Infratel towers

Aurangabad HC orders de-sealing of 6 Reliance Infratel towers
February 16, 2021
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The Aurangabad High Court has directed Aurangabad Municipal Corporation to immediately de-seal 6 towers of Reliance Infratel Limited. The Corporation had sealed the towers for non-payment of dues.
However, Rameshwar Totala and Rahul Totala, legal advocates representing the company had argued that since Reliance Infratel was undergoing a debt resolution process under Insolvency & Bankruptcy Code, 2016, the corporation could not ask for dues at present.
The lawyers pointed out to the court that Reliance Infratel is presently being run by Anish Nanavaty, Resolution Professional and the resolution plan submitted by Reliance Digital Platform & Project Services Limited has been approved by the Committee of Creditors and also subsequently approved by National Company Law Tribunal (NCLT). ....

Rahul Totala , Anish Nanavaty , Justicesv Gangapurwala , Justice Sd Kulkarni , Rameshwar Totala , Aurangabad High Court , Aurangabad Municipal Corporation , National Company Law Tribunal , Reliance Digital Platform Project Services , Reliance Infratel , Committee Of Creditors , Corporation In High Court , Bankruptcy Code , Resolution Professional , Reliance Digital Platform , Project Services Limited , High Court , De Sealing Of 6 Reliance Infratel Towers , ஆநிஶ் நானாவதி , நீதி ஸ்ட் குல்கர்னி , அவுரங்காபாத் உயர் நீதிமன்றம் , அவுரங்காபாத் நகராட்சி நிறுவனம் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , நம்பகத்தன்மை டிஜிட்டல் நடைமேடை ப்ராஜெக்ட் சேவைகள் , நம்பகத்தன்மை இன்ப்ரத்தேல் , குழு ஆஃப் கடன் வழங்குநர்கள் ,

Reliance Communications' resolution may hit a bump as banks mark its account as fraud

Synopsis
Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these companies, said the people cited above.
The latest allegations come a year after a forensic audit unearthed questionable transactions worth ₹5,500 crore in the three Anil Ambani-led Reliance Group entities.
Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India and
Indian Overseas Bank classifying the accounts of the telco and its units Reliance Telecom and Reliance Infratel as fraudulent last week, said people with the knowledge of the matter. The lenders are now looking to initiate a deeper probe, said one of the persons. ....

Jio Infocomm , Indian Overseas Bank , Reliance Communications Rcom , Reliance Digital Platform Project Services , Reliance Telecom , Uv Asset Reconstruction Co , National Company Law Tribunal , Anil Reliance Group , Union Bank , Reliance Industries , Reliance Communications , State Bank , Reliance Infratel , Reliance Jio Infocomm , May Delay Recovery , Anil Ambani Led Reliance Group , Reliance Digital Platform , Project Services , Bankruptcy Resolution Process , Jr Com , ஜிோ இன்பொக்கோம்ம் , இந்தியன் ஓவர்‌ஸீஸ் வங்கி , நம்பகத்தன்மை டிஜிட்டல் நடைமேடை ப்ராஜெக்ட் சேவைகள் , நம்பகத்தன்மை தொலை தொடர்பு , ஊவ் சொத்து புனரமைப்பு இணை , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் ,

RCom resolution may hit a bump

RCom resolution may hit a bump
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Synopsis
Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these companies, said the people cited above.
The latest allegations come a year after a forensic audit unearthed questionable transactions worth ₹5,500 crore in the three Anil Ambani-led Reliance Group entities.
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NSE
Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India and
Indian Overseas Bank classifying the accounts of the telco and its units Reliance Telecom and Reliance Infratel as fraudulent last week, said people with the knowledge of the matter. The lenders are now looking to initiate a deeper probe, said one of the persons. ....

Jio Infocomm , Indian Overseas Bank , Reliance Communications Rcom , Reliance Digital Platform Project Services , Reliance Telecom , Uv Asset Reconstruction Co , National Company Law Tribunal , Anil Reliance Group , Union Bank , Reliance Industries , Reliance Communications , State Bank , Reliance Infratel , Reliance Jio Infocomm , May Delay Recovery , Anil Ambani Led Reliance Group , Reliance Digital Platform , Project Services , Bankruptcy Resolution Process , Jr Com , ஜிோ இன்பொக்கோம்ம் , இந்தியன் ஓவர்‌ஸீஸ் வங்கி , நம்பகத்தன்மை டிஜிட்டல் நடைமேடை ப்ராஜெக்ட் சேவைகள் , நம்பகத்தன்மை தொலை தொடர்பு , ஊவ் சொத்து புனரமைப்பு இணை , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் ,