Rcomm

Bank of Baroda classifies RCom, Anil Ambani loan accounts as 'fraud'

The move follows similar actions by the State Bank of India and Bank of India, which flagged RCom loans citing diversion of funds in 2016

Anil Ambani denies 'fraud' allegations after Bank of India's move

These actions are contrary to the RBI regulations issued in July 2024, as well as to well-established law and the judgments of the Hon'ble Supreme Court and the Hon'ble Bombay High Court.

Anil Ambani refutes all charges following CBI action in bank fraud case

At present, Reliance Communications is being managed under the supervision of a Committee of Creditors, led by SBI and overseen by a Resolution Professional

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

Birla Tyres to RCom, low-denomination stocks hit top gear on Dalal Street

Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them

25 years since the first mobile call: Roller-coaster ride for telecom

It's been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies

RCom's resolution plan to sell Rs 23,000 cr assets filed before NCLT

The plan entails realisation of around Rs 23,000 crore from sale of RCom assets and clawback of money paid to some of the lenders.

RCom lenders okay Rs 230 bn resolution plan; Chinese banks to get Rs 55 bn

Under the plan, 38 lenders of RCom can recover over 70 per cent of their outstanding of Rs 33,000 crore secured debt, they said.

Jio likely to bag Reliance Infra's tower, optical fibre for Rs 3,600 cr

Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources

After resignations of Anil Ambani, 4 others, RCom lenders to meet on Nov 20

Last week, Reliance Communications Chairman Anil Ambani along with four directors had resigned from the company, that is going through insolvency process

In a first, RCom AGM to be chaired by resolution professional on Monday

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