Sep 14, 2021 09:28 PM IST
The company has an additional Rs 15,000 crore of claims pending before various forums, Ambani said.
- Jul 04, 2021 07:49 AM IST
In the rarified world of big business, a billion gained or two lost hardly makes news. But when those numbers spike dramatically, we are reminded of the adage: what goes up doesn’t always stay up!
- Jun 20, 2021 09:14 PM IST
Retail disbursements of Reliance Home Finance had plunged amid tightening liquidity following the collapse of Infrastructure Leasing & Financial Services in 2018.
- Jun 13, 2021 06:45 PM IST
The Board of Directors of Reliance Power gave their assent to the proposed plan of preferential allotment of up to 59.5 crore equity shares to group company Reliance Infrastructure Limited.
- Jun 06, 2021 07:35 PM IST
At the meeting of Board of Directors held on June 6, the proposal of preferential allotment of equity shares to promoters and Värde Investment Partners, LP was approved.
- Jan 19, 2021 10:16 PM IST
RInfra, as part of the strategy to offload its debts, was targeting to sell the stakes in BSES Yamuna and Rajdhani power distribution company (discom) in Delhi.
- Dec 29, 2020 01:52 PM IST
Reliance Home Finance, part of Anil Ambani-promoted Reliance Group, recently got bids from six suitors as part of the debt resolution process.
- Dec 02, 2020 09:17 PM IST
December 1 was the last date for submission of EOIs for the stake sale and in all 60 different bids have been received by SBI Capital Markets and JM Financial Services, the advisors to the lenders.
- Oct 12, 2020 07:18 PM IST
The high court also said that the moratorium on recoveries from sale of Ambani’s assets, as provided under section 96 of the Insolvency and Bankruptcy Code (IBC), would remain in operation for now.
- Sep 26, 2020 06:56 PM IST
The 61-year-old former billionaire appeared via videolink from Mumbai before the High Court on Friday for compulsory cross-examination in aid of an asset disclosure order obtained by the Industrial and Commercial Bank of China Ltd Mumbai Branch, China Development Bank and Exim Bank of China.
- Aug 27, 2020 01:37 PM IST
Anil Ambani earlier moved the Delhi High Court against the appointment of a resolution professional (RP) on the personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from SBI.
- Aug 21, 2020 07:28 PM IST
Indian lenders after burning their fingers in the Vijay Mallya-Kingfisher Airlines case have been aggressive in chasing loan defaulters in cases where there is a personal guarantee by promoters.
- Aug 21, 2020 12:38 PM IST
A spokesperson of Anil Ambani has said the company is reviewing the NCLT order and taking advice on filing appropriate appeal against appointment of RP.
- Jun 30, 2020 07:27 PM IST
The public sector lender had approached the tribunal under Section 97(3) of the Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional (RP) to assess and submit a report on the assets owned by Ambani.
- Jun 23, 2020 09:10 PM IST
In 2018, the company sold its Mumbai energy business to Adani Transmission for nearly Rs 18,800 crore, which reduced its debt to nearly Rs 7,500 crore.
- Jun 23, 2020 05:59 PM IST
Speaking at the annual general meeting of group company Reliance Infrastructure (RInfra), Ambani said he had only signed 'a power of attorney limited to executing a non-binding letter of comfort to the Chinese banks' when the now-bankrupt RCom borrowed money in 2012.
- Mar 19, 2020 07:47 PM IST
He reportedly told ED officials that all transactions between ADAG and Yes Bank are in compliance with the law and financial regulations.
- Mar 19, 2020 10:32 AM IST
The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA).
- Mar 16, 2020 09:41 AM IST
They said Ambani has been asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are one among the big entities whose loans went bad after borrowing from the crisis-hit bank.
- Mar 11, 2020 08:00 AM IST
"However the delay in debt servicing is due to prohibition on the company to dispose off, alienate, encumber either directly or indirectly or otherwise part with the possession of any assets, pursuant to order dated November 20, 2019 passed by the Delhi High Court," it said.
- Feb 07, 2020 10:43 PM IST
A lawsuit was put forward by three state-controlled Chinese banks that claimed they loaned $925 million to Ambani’s Reliance Communications in 2012 provided that Ambani could personally guarantee the debt.
- Feb 07, 2020 08:16 PM IST
The report noted that the lawsuit was put forward by three state-controlled Chinese banks that claimed they loaned $925 million to Ambani’s Reliance Communications in 2012 provided that Ambani could personally guarantee the debt.
- Feb 07, 2020 09:36 AM IST
The Industrial and Commercial Bank of China Ltd Mumbai Branch, on behalf of itself, China Development Bank and Exim Bank of China, had sought summary judgment against Ambani over an alleged breach of a personal guarantee on a debt refinancing loan of around USD 925 million in February 2012.
- Dec 19, 2019 08:17 AM IST
The company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a restraint placed by the lenders as it is undergoing is a bank-led resolution process. The instruments are maturing on January 3 and 15.
- Dec 16, 2019 07:32 PM IST
Ambani contested the proceedings and put up a strong legal defence, and will continue to contest the proceedings and seek leave to defend, without any conditions as to making of deposits or payments being imposed, the statement said.