Reliance Communication

Ambani stepped down as director of RCom last November after the company was referred to insolvency tribunal

In both the cases -- SBI and Chinese banks -- the borrowings have been done by a group company and are not personal, he said

Fall in valuation, lack of demand cited as reasons

The other bidders include Bharti Airtel, Värde Partners and UV Asset Reconstruction Company (UVARCL)

The committee of creditors (CoC) is scheduled to meet on Thursday to consider bids of Reliance Jio, Airtel, Varde and UVARCL

The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a debt write down of $150 million, according to a GCX statement and filings

In terms of volume, 137,000 shares were traded on the BSE, while 3.9 million shares changed hands on the NSE

11 offers submitted for RCom, Reliance Telecom and Reliance Infratel

From SC hearing on the legality of Maharashtra govt formation to Reliance group's bid for Anil Ambani's Reliance Communications (RCom) and its related companies, here are the top events for the day

Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom, said regulatory filing

With the telecom sector staring at a massive Rs 1.4 trillion payout following a Supreme Court order, it asked the government not to press for AGR dispute payment in its entirety

RCom is presently going through a insolvency process and the National Company Law Tribunal had in July appointed Aneesh Nanavati of Deloitte as the resolution professional

RCom referred itself to the NCLT for insolvency proceedings after it failed to repay its debt worth Rs 45,000 crore

For the entire financial year 2018-19, the company reported a net loss of Rs 7,206 crore as against Rs 23,839 crore in 2017-18

NCLT tells interim RP's counsel to file separate plea

In the October-December 2018 quarter, the promoters and promoter group of debt-ridden RCom had 53.08 per cent stake in the company

RCom had a debt of Rs 45,000 crore

The tycoon's heavily indebted telecom business had promised to pay the local unit of Ericsson AB about Rs 5.5 billion ($80 million) for past maintenance services

Tax refunds worth nearly Rs 260 crore, which RCom wants to use to pay Ericsson, lie in a bank account.

Reliance Communications, and its chairman Ambani, could use the Rs 394 crore received in I-T refunds, but they would still have to raise another Rs 177 crore