This is the first ADAG Anil Dhirubhai Ambani Group company to be admitted for insolvency. The bench comprising VP Singh and R Duraisamy were reported as saying that the matter should proceed in a manner of law and in view of the guidelines, the tribunal granted the exclusion of time for Reliance Infratel and Reliance Telecom along with RCom.
Industrialist Anil Ambani promoted Reliance Communications (RCom) was admitted for bankruptcy proceedings at the National Companies Law Tribunal (NCLT)'s Mumbai branch on Thursday, news agency Press Trust of India reported. The tribunal allowed Reliance Communications to exclude the 357 days spent in litigation, making it the first Reliance Group group company to be officially declared bankrupt. The company has a debt of over Rs 50,000 crore towards a consortium of banks led by the country's largest lender State Bank of India.Reliance Communications had in the last hearing sought exclusion of 357 days through its resolution professional (RP) in the insolvency process citing stays it had on the process by the appellate tribunal and the Supreme Court, the agency reported.
Nearly three years after foiling an audacious coup attempt, authorities in Montenegro on Thursday convicted 14 people including two alleged Russian military intelligence agents in absentia of participating in a plot to overthrow the government.News of their jail sentences was widely lauded by Western governments, including a statement released Thursday from the U.S. State Department extolling the move as a clear victory for the rule of law, laying bare Russia s brazen attempt to undermine Montenegro s sovereignty.
The number of successful cyberattacks per year per company has increased by 46% over the last four years. But what really needs to be considered when exploring a solution? What questions need to be asked? Download to find out... View all whitepapers Follow us RSS Twitter LinkedIn Newsletters Facebook YouTube Newsletter Industry Voice Data Strategy Spotlight The Inquirer Tweet Facebook Save this article Send to Print this page Comment 0 comments Home News Artificial Intelligence Internet of Things Open Source Hardware Software Security All sections Most popular contentAISecurityOpen sourceIoTGoogleMicrosoftIntelAMDAppleSamsung AuthorsCarly PageChris MerrimanRoland Moore ColyerAlan MartinLee Bell
Newscasts amp; VideosA new report shows that Barrie residents are divided over whether a supervised consumption site will help the city.
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SEOUL, South Korea (AP) North Korea on Thursday fired at least one unidentified projectile from the country;s western area, South Korea;s military said, the North;s second weapons launch in the last five days and a warning that nuclear disarmament talks with Washington could be in danger.The South 's Joint Chiefs of Staff did not immediately release details about what type of projectile the North fired and said it was still analyzing the launch. The projectile was launched from the Sino ri area of North Pyongan Province, known to host one of North Korea 's oldest missile bases, where a brigade operates midrange Rodong missiles.
The fate of Cole and Murtaugh has been decided. After three seasons, Fox has canceled Lethal Weapon.The news is not unexpected. As we noted in our story yesterday on Fox 's decision to pick up four new drama series, with a fifth pending, the move did not bode well for the network 's bubble dramas Star, Lethal Weapon and The Passage, all of which were canceled today.
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FILE PHOTO: A school in Rhode Island was going to give students who had lunch debts a cold sandwich for lunch. But a yogurt company paid the bill.