Fri, Jan 05, 2018
CDB, which is owed around $2 billion along with two other Chinese banks, had filed the petition in November seeking insolvency proceedings against RCom, saying a large amount of loan principal and interest payments was overdue.
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Fri, Dec 01, 2017
Anil Ambani-led RCom today claimed that a majority of its lenders are opposing China Development Bank's (CDB) decision to initiate insolvency proceedings against the embattled telco that's saddled with over Rs 45,000 crore of debt that has turned dud.
Tue, Nov 28, 2017
After RCom said it was 'surprised' by China Development Bank's move to file a petition with NCLT, shares of the company came under fire.
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