Reliance Communications Limited
Incorporated in 2004, Reliance Communications Ltd own and operate IP enabled connectivity infrastructure comprising of fibre optic cable systems
What Reliance files
- Others56
- Important36
- Updates15
- Board Meeting8
- Results1
- Investor Meet1
Reliance Communications Limited has announced that the Supreme Court has dismissed the review petitions filed in relation to civil appeals involving the company and its subsidiary, Reliance Telecom Limited. The court concluded that no error apparent existed in the previous judgment and that no case for review was established. This...
Reliance Communications Limited has informed the Exchange about Fraud/Default/Arrest
Reliance Communications (RCOM), under insolvency, reports Rs 27,685 Cr in bank/FI loan defaults. Its total financial indebtedness stands at Rs 40,121 Cr. Additionally, Rs 44,001 Cr in interest on loans and NCDs remains unprovided, indicating further liabilities.
PNB classified RCOM's subsidiary, RTL, and an ex-director's loan (₹201.51 Cr) as 'fraud' due to fund misappropriation. RCOM notes ongoing CIRP and IBC protections (Sec 14, 32A); resolution plans await NCLT approval. Avoidance applications are filed.
Reliance Communications (RCOM), currently under insolvency, disclosed defaults of Rs 28,826 Cr on bank loans. Its total financial indebtedness is Rs 40,410 Cr. Crucially, an additional Rs 42,866 Cr in interest is unprovided for, signaling severe debt challenges.