Home Business How did Anil Ambani’s telecom company go bankrupt, once used to challenge Airtel, Idea, launched Rs 500 phone to…. Anil Ambani’s Reliance Infocomm revolutionized the telecom market by offering CDMA mobile phones for Rs 501 in 2003. Anil Ambani (File) Several companies of Anil Ambani were raided by the Enforcement Directorate under the…
“RCOM is undergoing Corporate Insolvency Resolution Process as per the Insolvency and Bankruptcy Code, 2016, since over six years,” Reliance Infrastructure said. File | Photo Credit: Reuters Reliance Group firms Reliance Infrastructure (RInfra) and Reliance Power (RPower) on Sunday (July 27, 2025) said the Enforcement Directorate (ED) had concluded searches on their premises and that…
Reliance Power, Reliance Infra raids: Anil Ambani-owned companies say ‘action by ED concluded’ — Full statement Mint Read the original article here
The e-auction to sell Eurotas Infrastructure Limited (EIL), currently under liquidation, has been relaunched after the earlier notice dated July 22, 2025, was withdrawn. The fresh e-auction, scheduled for August 28, 2025, will offer the company on a going concern basis or allow the sale of its movable assets on a collective basis. As per…
CE-Line Declared Bankrupt Amid Commercialization Struggles; Trustee Exploring Potential Restart iGrow News Read the original article here
In a recent case, the Madras High Court ruled that the petitioner company need not undergo the process of giving reply to the impugned show cause notices since, in any case, it is going to result only in launching of a prosecution against the petitioner company and its new management. It was observed that the…
Dutch tech company CE-Line, developer of sensor technology for greenhouse horticulture, has been declared bankrupt. The international branch, CE-Line International, is also in a state of bankruptcy. The trustee is investigating a potential restart, and interested parties are invited to come forward. The CE-Line system, developed by the scale-up from Emmeloord in the Dutch…
Nica Burns: ‘People took bets on when I’d go bankrupt’ The Times Read the original article here
There was a time when Martine McCutcheon had the world at her feet. She became the nation’s sweetheart playing loveable barmaid Tiff in EastEnders in the Nineties before bagging a number one record with her single Perfect Moment, and went on to achieve worldwide fame opposite Hugh Grant in Love Actually. There was even a…
Pepco, the Eastern European discount retail giant, has launched a formal insolvency protection process for its German operations amid mounting operational losses and strategic challenges. The move marks a critical turning point in the company’s ambitious expansion into the German retail market. The Pepco Germany GmbH, which operates 64 stores across Germany, predominantly in the…