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Reliance vs Ericsson: Unsecured Creditor Walks Away With Money; Banks Clueless About Recovery

Reliance vs Ericsson: Unsecured Creditor Walks Away With Money; Banks Clueless About Recovery

This situation also raises questions about the assessment carried out by the banks before disbursing loans to the tune of Rs.46,000 crores to Reliance group.

21 March 2019 7:51 AM GMT
Anil Ambani Avoids Prison As Reliance Clears Ericsson Dues Before SC Deadline

Anil Ambani Avoids Prison As Reliance Clears Ericsson Dues Before SC Deadline

With Reliance Communications paying Rs.462 crores to Ericsson before the deadline fixed by the Supreme Court, its Chairman Anil Ambani has avoided imprisonment, reports the Economic Times. As per the...

18 March 2019 12:35 PM GMT