New Delhi: The Supreme Court Thursday refused to interfere with the Bombay High Court’s judgment classifying loan accounts of Reliance Communications Group companies as...
Fresh CBI FIR was based on complaint by Bank of Baroda alleging RCOM and Anil Ambani caused the bank a loss of around Rs 2,223 crore between 2013 and 2017.
The agency arrested Punit Garg Thursday under PMLA in connection with Rs 40,000-crore bank fraud and money laundering case involving RCOM & its subsidiaries.
FIR is based on a complaint by SBI, which had flagged the account of Reliance Communications as fraudulent. The bank has an exposure of around Rs 3,000 cr in the firm.
In a plea to SC, lenders said any move to ban bankrupt companies such as Aircel & RCom from selling airwaves, leased from govt, will sink their insolvency resolution process.
The $680 million is the amount Industrial & Commercial Bank of China is seeking to recover from Anil Ambani by invoking a ‘personal guarantee’ he gave in 2012.
Reliance Naval says cash crunch is impacting progress of existing projects leading to extended timelines & thereby erosion of confidence amongst clients.
The Government of India recognises Ladakh as one of the most important living centres of Buddhist culture in the world. We are committed to safeguarding its unique cultural traditions.
Post-2022 as AI has spread in developed economies, it is leading to another round of polarisation—the middle class jobs are being lost in offices rather than in factories.
The fifth S-400 air defence system is undergoing various stages of production trials, and will be delivered by November-December this year, it is learnt.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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