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DoT invoked/encashed bank guarantees totaling approximately ₹801.91 crore from Yes Bank, Punjab National Bank, Canara Bank and SBI for RCOM’s unpaid deferred spectrum instalments. The company is assessing legal and financial implications, including effects on liabilities and claims, within its ongoing CIRP. Context: crystallises the longstanding spectrum-liability overhang.
Reliance Communications Reports Supreme Court Dismissal Of Spectrum Review Petitions
Reliance Communications Reports RTL Promoter Declared Wilful Defaulters By Canara Bank
Reliance Communications Receives ₹581.65 Crore PMLA Property Attachment Confirmation
Reliance Communications Reports RCIL Resolution Plan Deemed Non-Implementable By NCLT