Page 2 - Reliance Communications

Delhi HC halts insolvency proceedings against Reliance's Anil Ambani

His Reliance Communications (RCom), a mobile carrier launched in 2002 with cut-price plans and is currently in insolvency.

Jio unlikely to increase tariffs the way incumbent operators are thinking

Bharti Airtel's Sunil Mittal says that, to his mind, Average Revenue Per User or ARPUs need to hit Rs 300, or double Airtel's current figure, if the industry is to stabilize

Top headlines: Bankruptcy case against Anil Ambani, TCS-Epic Systems case

Business Standard brings to you a snapshot of events that made it to the headlines today

AGR case: Supreme Court fears bankruptcy proceedings may consume dues

Justice Mishra observed under the IBC spectrum trading was different from spectrum sale

Chinese Banks may get Rs 7,000 cr from RCom, RTL resolution plan: Report

The National Company Law Tribunal (NCLT) Mumbai is scheduled to hear the resolution plan of RCOM, RTL and RITL on Friday, the source added

Top headlines: DoT objects to RCom resolution plan, AGR case update, & more

Here are the top headlines on Thursday morning

AGR case: Liquidation the only option without spectrum sale, RCom tells SC

Senior advocate Harish Salve, who represents RCom and its committee of creditors, said it will be forced to go into liquidation if spectrum sale not allowed

Reliance Communications' resolution in limbo as DoT raises objection

Plan approved by lenders leaves nothing for dept; NCLT adjourns hearing

AGR case: Telecom companies can use spectrum but not own it, says SC

Jio tells court it has paid Rs 195 crore dues

DoT as operational creditor to get zero proceeds from RCom, RTL resolutions

Department of Telecommunications (DoT) and government object to the resolution plans of RCom and RTL

Telecom dept raises objections to Reliance Communications resolution plan

The committee of creditors of Reliance Communication (RCom) approved a resolution plan, which involves lenders receiving Rs 23,000 crore

Jio tells SC it paid Rs 195 cr as AGR dues, including for spectrum sharing

It said there is no question of one operator paying the Adjusted Gross Revenue (AGR) related dues of another firm, as suggested by the apex court earlier, and it has cleared all its dues

SC seeks govt view on Reliance Jio's liability for RCom's AGR dues

Reliance says no legal basis for payment; the next hearing in the matter has been adjourned till August 19

SC asks govt to clarify why Reliance Jio shouldn't pay RCom's AGR dues

Govt says there is a difference of opinion between Department of Telecommunication and Corporate Affairs Ministry on the issue of sale of spectrum during insolvency proceedings.

AGR case: Give airwave details of bankrupt telecom firms, says SC

Seeks spectrum-sharing info from RCom, Aircel, Videocon

AGR case: SC seeks details of spectrum sharing between RCom, Reliance Jio

Spectrum is a government property, not private, and anyone using it is liable to pay the dues, the apex court said

Telecom stocks trade flat ahead of today's SC hearing on AGR payments

In its last hearing, the SC had asked the Centre to prepare a plan for recovering AGR dues from bankrupt telecom operators

SC asks Centre to prepare plan for recovering AGR dues from bankrupt telcos

Justice Arun Mishra said: "We want to go into the cause for initiation of insolvency against telcos under the IBC."

25 years of telecom: Boon for India's business tycoons, bane for MNCs

Big business houses such as the Tatas, Anil Ambani, multinationals like Malaysian tycoon T Ananda Krishna of Maxis failed to create viable businesses

Sebi slaps Rs 1 cr fine on CARE Ratings over lapses in RCom case

In May 2017, CARE Ratings downgraded the ratings assigned to non-convertible debentures (NCDs) issued by RCom to default