{"id":54053,"date":"2019-02-02T12:14:38","date_gmt":"2019-02-02T12:14:38","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=54053"},"modified":"2019-02-02T12:14:40","modified_gmt":"2019-02-02T12:14:40","slug":"anil-ambanis-rcom-to-opt-for-insolvency-as-it-fails-to-repay-debt","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/anil-ambanis-rcom-to-opt-for-insolvency-as-it-fails-to-repay-debt\/","title":{"rendered":"Anil Ambani&#8217;s RCom to opt for insolvency as it fails to repay debt"},"content":{"rendered":"\n<p>New Delhi<br>\nReliance Communications will opt for insolvency proceedings as it failed to sell assets to pay for its debt, the Anil Ambani-led telecom company said on Friday.\u201cRCom board of directors decides upon implementation of debt resolution plans through NCLT framework,\u201d the company said in a statement.<\/p>\n\n\n\n<p>The Board of Directors of RCom on Friday reviewed the progress of the company\u2019s debt resolution plans since the invocation of strategic debt resolution on June 2, 2017.<\/p>\n\n\n\n<p>The Board noted that, despite the passage of over 18 months, lenders have received zero proceeds from the proposed asset monetisation plans, and the overall debt resolution process is yet to make any headway, the statement said.\u201cAccordingly, the Board decided that the Company will seek fast-track resolution through NCLT, Mumbai.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>New Delhi Reliance Communications will opt for insolvency proceedings as it failed to sell assets to pay for its debt, the Anil Ambani-led telecom company said on Friday.\u201cRCom board of directors decides upon implementation of debt resolution plans through NCLT framework,\u201d the company said in a statement. The Board of Directors of RCom on Friday [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":54054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-54053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/54053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=54053"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/54053\/revisions"}],"predecessor-version":[{"id":54055,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/54053\/revisions\/54055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/54054"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=54053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=54053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=54053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}