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Reliance Communications to Hold 65th Committee of Creditors Meeting Amid Ongoing Insolvency Process 8 days ago

Reliance Communications (RCom) has scheduled its 65th Committee of Creditors (CoC) meeting for September 18, 2025. This meeting is part of the company's ongoing corporate insolvency resolution process, which began in June 2019. RCom's affairs are currently managed by Resolution Professional Mr. Anish Niranjan Nanavaty, following an order from the National Company Law Tribunal, Mumbai Bench. The announcement complies with SEBI regulations, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ED Files Money Laundering Charges Against Anil Ambani in Reliance Communications Case Sep 10, 2025

Bank of Baroda Classifies RCom and Anil Ambani Loan Accounts as 'Fraud' Sep 04, 2025

Reliance Communications Receives Share Reclassification Request from Reliance Capital Sep 04, 2025

Bank of India Labels RCom and Anil Ambani Accounts as Fraudulent in ₹725 Crore Loan Case Aug 25, 2025

More news about Reliance Communications

23Aug 25

CBI Probes Reliance Communications and Anil Ambani in Alleged Rs 2,000 Crore Bank Fraud

The Central Bureau of Investigation (CBI) has launched legal proceedings against Reliance Communications (RCOM) and its Promoter Director, Anil Ambani, over an alleged bank fraud case. The case involves losses exceeding Rs 2,000 crore to the State Bank of India (SBI). The CBI has conducted searches at locations associated with RCOM and Ambani. The fraud was reported by SBI to the RBI on June 24, following the classification of the entities as fraudulent on June 13, in line with RBI's Master Directions on Fraud Risk Management.

13Aug 25

Reliance Communications Reports Rs 2,560 Crore Loss in Q1 Amid Ongoing Insolvency Process

Reliance Communications (RCom) reported a consolidated net loss of Rs 2,560 crore for Q1 FY24, compared to Rs 2,220 crore loss in Q1 FY23. Revenue declined to Rs 83 crore from Rs 97 crore year-on-year. The company, undergoing insolvency resolution, faces ongoing financial challenges and regulatory issues. Loss from discontinued operations increased to Rs 2,526 crore. RCom's insolvency process continues with a resolution plan pending NCLT approval. The company is grappling with license renewal issues and defaults on borrowings and statutory dues.

07Aug 25

Reliance Communications Sets Key Meetings Amid Ongoing Insolvency Process

Reliance Communications (RCom) has announced two important meetings. The 62nd Committee of Creditors meeting is set for August 8, 2025, as part of ongoing insolvency proceedings. Additionally, a directors' meeting on August 13, 2025, will consider unaudited financial results for Q1 2025. The company's affairs are managed by Resolution Professional Mr. Anish Niranjan Nanavaty. The trading window for RCom's equity shares will be closed from July 1 to August 15, 2025.

26Jul 25

Enforcement Directorate Raids Reliance Communications Office in Mumbai

The Enforcement Directorate (ED) conducted a search and seizure operation at Reliance Communications Limited's (RCom) Navi Mumbai office, seizing two laptops and email dumps of the CFO and Company Secretary. RCom assured stakeholders that this action would not impact its financial position or operations. The company, under insolvency proceedings since June 2019, is currently managed by a Resolution Professional. RCom promptly informed stock exchanges about the ED's action in compliance with regulatory requirements.

22Jul 25

SBI Reclassifies Reliance Communications and Anil Ambani as 'Fraud', Initiates CBI Complaint

State Bank of India (SBI) has classified Reliance Communications (RCom) and its promoter director Anil D. Ambani as 'fraud' in line with RBI's Master Directions on Fraud Risk Management. SBI reported this to RBI on June 24 and plans to file a complaint with CBI. The bank's exposure to RCom includes ₹2227.64 crore in fund-based principal outstanding and ₹786.52 crore in non-fund-based bank guarantees. RCom is undergoing Corporate Insolvency Resolution Process, while SBI has initiated Personal Insolvency Resolution Process against Ambani.

01May 25

RCom's ₹550 Crore Refund Plea Against Ericsson: NCLT Decision Due in June

Reliance Communications (RCom) has filed a plea with the National Company Law Tribunal (NCLT) for a ₹550 crore refund from Ericsson, claiming the 2019 payment was preferential treatment to an operational creditor. Ericsson's legal team has dismissed the claim as 'frivolous'. The NCLT hearing is scheduled for June 11 and 12, with the decision potentially impacting RCom's financial restructuring efforts and setting a precedent for operational creditor payments in insolvency cases.

30Apr 25

RCom's Resolution Professional Seeks ₹550 Crore Refund from Ericsson, NCLT to Hear Petition

Reliance Communications' resolution professional has filed a petition with the NCLT Mumbai bench, seeking a refund of ₹550 crore paid to Ericsson in 2019. The RP argues this payment constituted preferential treatment to an operational creditor. Ericsson opposes the refund, citing a Supreme Court order. The case raises questions about the treatment of court-ordered payments in insolvency proceedings and could set a precedent for future corporate insolvency cases in India.

04Apr 25

Reliance Communications Reveals ₹40,413 Crore Debt Amid Regulatory Scrutiny

Reliance Communications Limited (RCOM) reported a total financial indebtedness of ₹40,413.00 crore as of March 31, 2023, excluding accrued interest. The company received cautionary emails from NSE and BSE for delayed disclosure of a SEBI order. RCOM, currently under corporate insolvency resolution process since June 2019, cited operational challenges and limited personnel as reasons for the delay in disclosure.

03Apr 25

Reliance Communications Director Resigns Amid Anil Ambani's Legal Challenges

Reliance Communications Limited (RCom) announces the resignation of Director Shri Punit Narendra Garg, effective April 1, 2025. Meanwhile, former RCom chairman Anil Ambani withdraws petition challenging an Income Tax notice after Bombay High Court imposes ₹25,000 cost for 'artificial urgency'. RCom remains under corporate insolvency resolution process since June 28, 2019.

01Apr 25

Reliance Communications Reports Subsidiary Dissolutions and Financial Loss

Reliance Communications Limited (RCOM) has announced the dissolution of two foreign step-down subsidiaries: Anupam Global Soft (U) Limited in Uganda and Lagerwood Investments Limited in Cyprus. The company, currently under corporate insolvency resolution process, reported a consolidated net loss of 490 million rupees. RCOM stated that the subsidiary dissolutions would not impact its operations, and there is no financial impact on its standalone financial statements. The company's affairs are being managed by a Resolution Professional since June 2019.

31Mar 25

Reliance Communications Reports Corporate Restructuring and Financial Loss

Reliance Communications (RCOM) announced the striking off of its Ugandan subsidiary Anupam Global Soft and dissolution of Cyprus-based Lagerwood Investments. The company reported a consolidated net loss of ₹490 million. RCOM stated these changes have no significant operational or financial impact. The company, currently under insolvency resolution, is managed by a Resolution Professional since June 2019.