Punjab National Bank (PNB) has classified the loan account of Reliance Telecom Limited, a subsidiary of Reliance Communications Limited, as “fraud”, according to a regulatory disclosure filed by Reliance Communications on May 9, 2026. The company said the communication was received from PNB on May 8, 2026, pursuant to a … Read More
Reliance Communications (RCom), a major telecom operator now under insolvency proceedings, has failed to sell its non-core assets. The company has not seen any interested party for its non-core assets, which include land in Pune, Chennai and shares of Reliance Realty and Campion Properties Ltd. RCom had told the Bombay … Read More
Reliance Communications, the bankrupt Anil Ambani company, might soon see its telecom license getting cancelled. The Department of Telecommunications (DoT) is set to cancel the telecom license of RCom because the telco has failed to pay the statutory dues. According to a Business Standard report, the bankrupt telco would be … Read More
Reliance Communications has been the centre of attraction in the Indian telecom space since the company announced its financial position and bankruptcy. The situation has become worse for the RCom since the DoT has rejected the plea of renewing the telecom license for another 20 years. In the latest development, … Read More
Reliance Communications have been under heavy distress because of the cash-crunch and bankruptcy situation. Back on Tuesday, the shares of Reliance Communication hit the lower circuit after DoT refused to renew its license. In the latest development, the lenders of Reliance Communications have formed a group led by the State … Read More
To retain rights over the spectrum and keep the enterprise business alive, the bankrupt entity Reliance Communications (RCom) has requested the telecom department to renew its telecom license for a period of 20 years. In response, the Department of Telecommunications (DoT) has demanded the ownership details of Rcom. As reported … Read More
A few days back, Reliance Jio had gone to the bankruptcy court for wanting access to the audit report of Reliance Infratel and RCom. This is because the State Bank of India (SBI) had marked both the companies as ‘fraud’. But after seeing Jio asking questions, the SBI has taken … Read More
The Committee of Creditors (CoC) of Aircel has approached the Supreme Court (SC) to overrule the order of the National Company Law Appellate Tribunal (NCLAT) that restrict them from selling the spectrum before the overall dues of the company are cleared. Because of the order, Aircel might have to move … Read More
Earlier today Reliance Jio Infocomm or Jio moved the bankruptcy court against Rcom or Reliance Communications tower unit, Reliance Infratel as per ET Telecom. This was done with the intention of seeking disclosures of the forensic audit reports of the tower company whose accounts were called fraudulent by some lenders. … Read More
Last week, The National Company Law Appellate Tribunal (NCLAT) announced its verdict in the Aircel vs the Department of Telecommunications (DOT) case. The verdict had a direct effect on the resolution plans of Aircel and Reliance Communication Ltd. (RCom) The resolution plan of UV Asset Reconstruction Company Ltd. (UVARCL) for … Read More
Much recently, the National Company Law Appellate Tribunal (NCLAT) said that the telcos under insolvency process or Insolvency and Bankruptcy Code (IBC) can’t ‘use or transfer’ their spectrum until the time they have cleared all government dues. Because of the decision, RCom and Aircel’s resolution plans have taken a hit. … Read More
AGR (Adjusted Gross Revenue) dues have become a major pain for the telecom industry of India. It has affected not only the operators that are actively providing telecom services, but also the operators which have gone insolvent. Back on October 24, 2019, the Supreme Court had ruled in favour of … Read More
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