Reliance Communications Ltd. News and Updates

Keep track of all breaking news on Reliance Communications Ltd. from all sources in a single place.

Reliance Communications Ltd.

04 Apr 2025

1.51

-3.21%

Reliance Communications: Anil Ambani-led company discloses total debt of THIS amount. Check here

livemint

Reliance Communications share price gained over 1% in one month, but has fallen 13.5% on a year-to-date (YTD) basis. In the past six months, the shares of Anil Ambani-led telecom company has dropped 23%. The penny stock has fallen 10% in one year.

Reliance Communications Ltd. has lost -38.37% in the last 6 Months

Reliance Communications Ltd.

15 Nov 2024, 06:25PM

1.51

-3.21%

Anil Ambani's Reliance Communication Gets Fraud Notice From Canara Bank For Loan Misuse

NDTV Profit

The notice to Reliance Communications mentions the issues in using loans worth Rs 1,050 crore, sanctioned as credit facilities.

Reliance Communications Ltd. has lost -38.37% in the last 6 Months

Reliance Communications Ltd.

07 Nov 2024

1.51

-3.21%

Telecom issue: NCLAT dismisses petitions, says IBC to prevail over Trai Act

Business Standard

Insolvency tribunal NCLAT has said that the Insolvency & Bankruptcy Code (IBC) would prevail over the provision of the Telecom Service Regulatory Authority of India (TRAI) Act, as it dismissed two petitions filed by the sectoral regulator in the RCom matter. The National Company Law Appellate Tribunal (NCLAT) dismissed the plea by the telecom regulator TRAI against the classification of the balances of the customers of RCom as operational debt by the resolution professional in the insolvency proceedings of the defunct service provider. NCLAT also dismissed the second petition filed by TRAI, where it sought direction to the resolution professional of RCom for payments of statutory dues amounting to Rs 85.10 lakh. "The submission of the appellant (TRAI) that Act being a special law, would prevail over the provisions of IBC cannot be accepted." "The Supreme Court has already held that Section 238 of the IBC has overriding effect over any other law. Hence, IBC shall prevail over the ..

Reliance Communications Ltd. has lost -38.37% in the last 6 Months

Reliance Communications Ltd.

21 Sep 2024

1.51

-3.21%

NCLAT dismisses tax claim against Reliance Communication filed after insolvency initiation

Business Today

A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the NCLT, which had rejected the state tax department's claim of Rs 6.10 crore.Corporate Insolvency Resolution Process against Reliance Communication was initiated on June 22, 2019.

Reliance Communications Ltd. has lost -38.37% in the last 6 Months

NCLAT Rejects Tax Claim Filed Against RCom After Initiation Of Insolvency

NDTV Profit | 21 Sep 2024 1 more

Reliance Communications Ltd.

21 May 2024

1.51

-3.21%

Two Anil Ambani group companies' auditors banned by NFRA over irregularities

Business Today

NFRA has banned the auditors of Reliance Home Finance and Reliance Commercial Finance, as well as the firms, and has also levied a penalty for irregularities in their accounts for 2018-19 period.

Reliance Communications Ltd. is trading below all available SMAs

Reliance Communications Ltd.

20 May 2024

1.51

-3.21%

NFRA Imposes Rs 2.5 Crore Fine On Two Auditors In Reliance Commercial Fin Case

NDTV Profit

The audit regulator imposed a fine of Rs 2 crore on Shridhar & Associates and Rs 50 lakh on Ajay Vastani.

Reliance Communications Ltd. is trading below all available SMAs

Reliance Communications Ltd.

15 Dec 2023, 08:25AM

1.51

-3.21%

NCLT Mumbai approves sale of RCom real estate assets, shares

Moneycontrol

The filing attached an order of the National Company Law Tribunal's Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.