The appellate tribunal also said that it has not gone into merit and allowed the appeal to be withdrawn on May 29, 2018 after the minority shareholders and RCom reached settlement
The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies
The move follows multiple developments in the company and the group in the past one month
HSBC Daisy had moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel
Past efforts by the firm to strike a deal for the property have not yielded results
Several companies of the Anil Dhirubhai Ambani Group are in the legal crosshairs for not paying back debt. As of March 2018, the group's consolidated debt stood at Rs 1.72 trillion
For the current financial year, RInfra looks to increase its order book to close to Rs 50, 000 crore
Says committed to meeting all debt servicing obligations in a timely manner
Reliance Group spokesperson said the group believes the defamatory statements were made for political purposes
Received orders of Rs 1 trillion during Congress regime, says Reliance Group chairman
Reliance Capital, the company that controls India's fifth-biggest mutual fund, is racing to close a planned $2 billion of asset sales to bolster its finances after cash dwindled to Rs 110 million
Most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt
While the group tried to assuage investor concerns by reiterating that its asset monetisation plans were on track, the stock market action indicated that investors were hardly convinced
HSBC Daisy moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel
Appellate tribunal seeks Ambani's response within 10 days, to hear matter on May 20
Wrong information on the apex court's website was related to a case involving Reliance Communications chairman Anil Ambani
From the Indian epics we have stories of brotherly love, of obedience and subservience
In recovering $80 million from tycoon Anil Ambani, the Swedish company's lawyers played the nascent bankruptcy system expertly
RCom cleared the entire dues to Ericsson India to purge the contempt of a Supreme Court order
"I and my family are grateful we have moved beyond the past, and are deeply touched with this gesture," Anil Ambani said