Mumbai (Maharashtra) [India], September 26 (ANI): The Bombay High Court has given relief to Reliance Group chairman Anil Ambani in an alleged Rs 420 crore tax evasion matter.

The 2017 deal involved the transfer of Reliance Infra ’s—formerly known as Reliance Energy—Mumbai power distribution business. Anil Ambani’s Reliance Infrastructure has filed a $1.7 billion arbitration claim against Gautam Adani’s Adani Transmission. The company informed on Tuesday that it had filed the 13,400 crore rupees ($1.7 billion) claim before... The post appeared first on .

The 2017 deal involved the transfer of Reliance Infra ’s—formerly known as Reliance Energy—Mumbai power distribution business. Anil Ambani’s Reliance Infrastructure has filed a $1.7 billion arbitration claim against Gautam Adani’s Adani Transmission. The company informed on Tuesday that it had filed the 13,400 crore rupees ($1.7 billion) claim before... The post appeared first on .

The 2017 deal involved the transfer of Reliance Infra ’s—formerly known as Reliance Energy—Mumbai power distribution business. Anil Ambani’s Reliance Infrastructure has filed a $1.7 billion arbitration claim against Gautam Adani’s Adani Transmission. The company informed on Tuesday that it had filed the 13,400 crore rupees ($1.7 billion) claim before... The post appeared first on .

The case is going on in court number 58 of the Bandra Metropolitan Magistrate’s Court and the next hearing will be held on the 12th.   Mumbai: Famous businessman Anil Ambani’s Reliance Communications Limited took a short-term loan of 250 crores from Dena Bank in February 2017. However, even after... The post appeared first on .

New Delhi Mar 25 PTI Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure following markets regulator SEBI order restraining him from associating with any listed company Anil D Ambani non-executive director steps down from the board of Reliance Power in compliance of SEBI Securities and Exchange Board of India interim order Reliance Power said in a BSE filing In a separate filing to the stock exchange Reliance Infrastructure said that Anil Ambani has stepped down from its board in compliance of SEBI interim order Sebi in February barred Reliance Home Finance Ltd industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company The regulator also restrained Ambani and three others from associating themselves with any intermediary registered with Sebi any listed public company or acting directors promoters of any public company which intends to raise money from the public till further orders The two Reliance Group companies said that Rahul Sarin has been appointed as an Additional Director in the capacity of Independent Director for a term of five years on Friday on the boards of RPower and RInfra subject to approval of members at the general meeting The board of directors of the company unanimously reposed full trust in Ambanis leadership and invaluable contribution to steering the company through great financial challenges and towards being potentially debt-free in the course of the coming financial year the firms said They also said that the boards look forward to an early closure of the matter and inviting Ambani back to provide his vision and leadership to the company in the interest of all stakeholders During the past one year the company has created immense value for its around 8 lakh shareholders with stock price increasing from a low of Rs 32 to a high of Rs 150 469 the boards noted Rahul Sarin 72 a civil servant with a distinguished record of public service of over 35 years retired as Secretary to Government of India At present Sarin is a director of Afthonia Private Limited PTI KKS MR HVA HVA

Mumbai (Maharashtra) [India], February 12 (ANI): Stock market regulator Securities and Exchange Board of India (SEBI) restrained Reliance Home Finance, it's promotor Anil Ambani and three others from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders.

New Delhi Sep 22 PTI The Board of Directors of the Delhi Metro Rail Corporation is likely to meet on September 24 and the issue of arbitration amount to be given to Anil Ambani group firm Delhi Airport Metro Express Pvt Ltd DAMEPL may figure sources said on Wednesday The Supreme Court on September 9 had upheld the 2017 arbitration award worth over Rs 4600 crore in favour of the firm enforceable against the DMRC DMRC sources said its board of directors is likely to meet on Friday and the arbitration amount is expected to be on the agenda On September 9 a bench of the apex court headed by Justice L Nageswara Rao had quashed the Delhi High Court order that had set aside the arbitration award in favour of DAMEPL which had pulled out from running the Airport Express metro line over safety issues On the day of the judgement the DMRC in a statement had said The judgment is being currently analysed for future course of action Reliance Infrastructure will receive Rs 7100 crore from the Delhi Metro Rail Corporation DMRC after the Supreme Court judgement the companys chairman Anil Ambani had told shareholders last week Queries to the DMRC on the dues to be given to the company did not elicit any response The arbitral tribunal in its May 2017 award had accepted the airport metro operators claim that the running of operations on the line was not viable due to reasons such as structural defects In 2008 DAMEPL had entered into a contract with DMRC for running the airport metro line till 2038 As disputes arose between the parties DAMEPL stopped operating the metro on the airport line and invoked the arbitration clause against DMRC alleging violation of contract and sought a termination fee PTI KND HDA