Reliance Communications Faces Asset Attachment Amid Insolvency Proceedings

TipRanks Black Friday Sale Reliance Communications Limited ( (IN:RCOM) ) just unveiled an announcement. Reliance Communications Limited has announced that it received a provisional attachment order from the Directorate of Enforcement concerning certain assets of the company and its subsidiary, Reliance Realty Limited. This development is part of ongoing legal and financial challenges faced by…

Bombay HC Dismisses Man’s Insolvency Plea Used To Evade Wife’s Maintenance, Calls It Abuse Of Insolvency Act

Bombay High Court holds that insolvency proceedings cannot be used to evade maintenance; petition dismissed for misuse of law | File Photo Mumbai, Nov 20: Expressing displeasure over misuse of insolvency proceedings, the Bombay High Court on Thursday rejected a suburban Mumbai dance teacher’s attempt to declare himself insolvent to avoid paying maintenance to his…