Both R-Com and the State Bank of India had subsequently moved the apex court.
Accordingly, there is now no bar in immediately completing the asset sales of spectrum, MCNs (media convergence node) and real estate, and the same shall be concluded expeditiously. The distribution of proceeds of only the tower and fibre will be subject to the final decision of the NCLAT on April 18.
"By an interim order passed today, NCLAT has vacated the remaining stay, and allowed execution of sale deeds and deposit of the proceeds with SBI in an escrow account".
The stay by the High Court was imposed after unsecured creditor and vendor of services Ericsson demanded to be paid Rs 1,150 cr for the network management services that it has been providing.
The Anil Ambani led firm said that the claim of the minority investors, which is fully disputed by RCom, can, in any case, be a maximum of approximately Rs 200 - 300 crore from the sales proceeds.
The Supreme Court on Thursday cleared the decks for the sale of its assets, including spectrum, to RelianceJio Infocomm as it vacated a stay granted by the High Court.
Reliance Communications stocks traded at Rs 24.30, up by 4.07 percent, on the BSE in early trade on Friday on the back of the Supreme Court allowing the Anil Ambani -owned telco to sell most of its assets to Reliance Jio Infocomm to pare its almost Rs 45,000-crore debt. What we have achieved, in the face of extraordinary challenges, is truly historic and unprecedented in Indian corporate history.
On a consolidated basis, RCom reported net loss of Rs 113 crore in Q3 December 2017 as against net loss of Rs 488 crore in Q3 December 2016.
Ambani said that in the debt reduction, there would be no write-off for any lender or bondholder.
Pakistan's Cabinet on Monday made a decision to observe Kashmir Solidarity Day in response to the latest violence. He said that India wrongly thought that the continued slaughter in Kashmir would crush the indigenous movement.
It is worth pointing out some of the new Android apps were simply the ported versions of the apps available on iOS in the past. As noted by TechCrunch , Apple in late 2016 said it would delete "problematic and abandoned apps" from the App Store.
The incident took place on Thursday night on a Central railway train plying from Thane to Chhatrapati Shivaji Maharaj Terminus. In a horrific incident, a woman was molested and beaten up and thrashed by a man onboard a Thane-CST local train in Mumbai .
There's a lot going on and it's comforting to know at least 30 minutes of the film is amusing (before everyone dies). The movie will not be screenied in full anywhere in teh world untl the Los Angeles premiere on April 23.
Beijing responded by threatening to impose additional 25 percent duties on 106 American products worth $50 billion. But economists warn that the tit-for-tat moves bear the hallmarks of a classic trade rift that could escalate.
Committee chair Damien Collins has said it was "astonishing" that Zuckerberg was not prepared to answer questions himself. By the time Facebook addressed the concerns, "thousands, if not hundreds of thousands", had seen the messages, they said.
Hamilton is in the last season of a three-year deal with Mercedes and has been in the process of negotiating a new contract. He said, "I think we have enough clever people to know that we're not quick enough yet".
The NEC had extended the tenure of the Odigie-Oyegun-led NWC and other executive committees by one year, starting from June. Therefore, we collectively agreed that we will have congresses at all levels - Local - State and National.
Workers Run For Lives As St. Petersburg Crane Falls
He said the builders safety officer was investigating the incident but had not yet determined what caused the crane to fall over. Police said that while the collapse did not impact construction for the new headquarters, the crane did suffer damage.
Trade Relations With China Get Worse
Trump argues China's trade practices have led to the closure of American factories and the loss of millions of American jobs. Previously, China had already announced that they will be putting tariffs on 128 U.S. goods that are imported into China .
FlorinCoin (FLO) declined -9.57% in less than 24 hours
Ravencoin's official Twitter account is @ravencoin . "MOT is an ERC20 token that serves as a currency on Olympus Labs' ecosystem". Binance Coin (BNB) traded 10.5% lower against the dollar and now trades at $12.15 or 0.00176768 BTC.