Finally Modi's Rafael Partner Anil Ambani's Rcom to go for insolvency
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Reliance CommunicationsNSE -1.28 % has decided to opt for insolvency proceedings following its failure to sell assets for paying back its lenders, the Anil Ambani-led telecom firm said Friday.
RCom even failed to sell spectrum to Mukesh Ambani’s Reliance Jio, a deal that was expected to bring some relief to the cash-strapped company.
“RCom board of directors decides upon implementation of debt ..
Swedish telecom gear maker Ericsson had filed the first petition before National Company Law Tribunal to invoke insolvency proceedings against RCom. The NCLT on the request of RCom had granted it time to clear dues to avoid insolvency proceedings
It is estimated that RCom has been reeling under debt of over Rs 46,000 crore.
The board of directors of RCom Friday reviewed the progress of the company’s debt resolution plans since the invocation of strategic debt resolution on June 2, 2017.
The Board noted that despite the passage of over 18 months, lenders have received zero proceeds from the proposed asset monetisation plans, and the overall debt resolution process is yet to make any headway, the statement said.
“Accordingly, the Board decided that the Company will seek fast track resolution through NCLT, Mumbai. The Board believes this course of action will be in the best interests of all stakeholders, ensuring comprehensive debt resolution in a final, transparent and time bound manner within the prescribed 270 days,” the statement said.
The company had chalked out plans to sell assets for about Rs 25,000 crore and use it for clearing debt of around 40 lenders.
RCom was expecting to realise Rs 975 crore from sale of spectrum to Jio which it promised to use paying dues of Rs 550 crore to Ericsson and Rs 230 crore to settle dues of minority stakeholder Reliance Infratel.
Reliance Jio, however, declined to take over any past liability of RCom for which the Department of Telecom may raise demand in future.
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Circus …… worth the name.
Common-man wrote:
Circus …… worth the name.
common man still enjoys the joys of going for it.
would give special seats and few free tickets if any common woman, common nan or their Chilled ran want to enjoy Rambo circus.
Also, my acquaintance is manager in touring Russian circuses [just search for user ‘Wicked’ on kaotic dot com], you can also be adjusted in VIP seats on Russian (circus) shows.
Why messaged me in private, you can very well comment here in this thread.
The Term FREE and VIP don’t make me feel comfortable.
I am a common man by
the way i live ,
the way i think,
the way i behave,
and want to be truthful atleast to myself.
So no temptation for FREEBIES or VIP TREATMENT , because i believe nothing is FREE , everything has a TAG ( MIGHT BE HIDDEN )
THE REAL FREE THING HUMANKIND GOT , WE DONT EVEN GIVE A DAMN ON IT.
I wonder how he got Rafale contract.
Lagta hai yeah SirG Ko jail bhijwa hee degaa.
https://m.economictimes.com/news/politics-and-n...
Sabka paisa apne jeb mai dalkar ab ye naya natak.
Translation : AA means only publicity no work. Rafael will never go through.
ye dekho
Delivery of first Rafale aircraft in September: Notwithstanding the controversy, the Rafale fighter jet procurement process is on schedule and the first aircraft will be delivered to India in September this year, said an Indian Air Force official on Tuesday.The delivery of the aircraft is slated to take place in France and would be brought to India, the official added.
Earlier in the day, IAF’s Deputy Chief Air Marshal VS Chaudhari said that no sovereign guarantees were given by the Russians in the S-400 air missile system deal.
Later while briefing on the Vayu Shakti exercise, IAF Vice Chief Air Marshal Anil Khosla said, Rafale induction into the Air Force will give a big boost to our combat capabilities. — ANI
Rahul Gandhi Problem is his Congress share holders company HAL not received the contract.
Rahul Gandhi getting financial support from Pakistan and China to root out modi.
But public will slap him again. 
Hello Mr. Ajit Doval, welcome to desidime. Please enlighten us with your son’s cayman Island firms. Also why aren’t you telling such big revelation to 56 inch? Ek-aadh desh droh ka case to banta hai, videshi fund ko Bharat mein illegally use karne ka bhi. I hope 56 inch mein Rahul jaise 44 seat wale neta ko salakhon ke peeche fekne mein takleef nahi hogi. Thanks. Aur Shaurya Doval ko kehna paisa India mein bhi ban sakta hai, Jay Shah se pooch le trick.
Har Budget mein ab in sab ke ghotalon ke liye bhi provision banana chahiye.