Banks Companies High Court North India

Delhi High Court accepts Anil Ambani argument and stayed insolvency resolution process

The Delhi High Court Thursday put on hold the insolvency resolution process (IRP) proceedings against Reliance Communications (RCom) Chairman Anil Ambani in relation to recovery of Rs 1,200 crore loans given by SBI to his two firms. A bench of Justices Vipin Sanghi and Rajnish Bhatnagar, while putting on hold the IRP under the Insolvency Read More…

Companies Indian Subcontinent Industries Supreme Court Technology

Modi Govt butress Spectrum to Jio , Airtel using solvency route : Supreme Court reserves verdict

After several rounds of hearings and a year later, the Supreme Court has reserved its judgment on the adjusted gross revenue (AGR) case.   On the last day of hearing on Monday, the court warned that if telecom companies are unwilling to pay their dues, it would direct the Union government to cancel their spectrum Read More…

Companies Industries Supreme Court

Mukesh’s Jio uses Anil’s Spectrum and Solicitor General stand expose new Spectrum scam on cards

The Supreme Court on Monday asked the government to explain why Reliance Jio, which is earning revenue by sharing Reliance Communication’s (RCom) spectrum, be not asked to pay the Adjusted Gross Revenue (AGR) related dues to the government.   The government told the top court there is a difference of opinion between two ministries (Department Read More…

Asia Companies Industries Market World

Mukesh Ambani now 4th Richest man in the Globe

Mukesh Ambani surpassed Europe welatiest man LVMH Chairman Bernard Arnault to become the fourth-richest man in the world.   Earlier in the year, Ambani had gone past Berkshire Hathaway Chairman Warren Buffett, Tesla CEO Elon Musk, and Google co-founders Larry Page and Sergey Brin to break into the top five of the world billionaire club. Read More…

Indian Subcontinent Industries National

Hindu digs deep Rafale scam , Rahul says over pricing is to benefit Anil Ambani

  On Monday, The Hindu reported how critical conditions for anti-corruption penalties and an escrow account for payments were dropped days before the Rafale deal was signed.   Before that, it had reported on defence ministry objections to “parallel negotiations” conducted by the Prime Minister’s Office.   The latest report cites the dissent note signed Read More…

Asia Europe Indian Subcontinent National Votes & Polls

ECIL man talked EVM tampering bombs dropped from london trigger political tsunami in India

Startling revelations from Shuja in London triggered Indian political parties pulse go eccentric and Election commission outrageously act in denial mode with a demand of asking for FIR from delhi police   Shuja exploded first bomb when he said the telecom giant Reliance Jio helped the BJP to get low frequency signals to hack the Read More…

Supreme Court

Rafale Scam row SC dismisses plea and ruled ‘Not our job to compare pricing details’

  The Supreme Court on Friday dismissed pleas seeking court-monitored probe into India’s multi-billion dollar Rafale fighter jet deal with France.   A bench headed by Chief Justice Ranjan Gogoi gave the verdict on a batch of pleas.   “We are satisfied that there is no occasion to doubt the process. A country can’t afford Read More…