The stock after making a weak opening further tanked 20 percent to Rs 9.95 on BSE.
Like other incumbents in India's telecoms sector, RCom has been hit by a fierce price war over the previous year, especially after the entry of Reliance Jio, which offered free voice and cut-price data plans. Intra-day, it dropped 20 per cent to Rs 9.95.
The tribunal's dedicated bankruptcy court has admitted the three petitions almost eight months after Ericsson filed an NCLT plea seeking to recover 11.5 billion rupees ($169.5 million) in unpaid dues, the Economic Timesreported.
Ericsson had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecom network but has allegedly not been paid.
Earlier, Mint reported that the NCLT admitted a plea filed by Ericsson which has stalled RCom's plan to sell its assets to Reliance Jio Infocomm Ltd. RCom was seeking to reduce its $7 billion debt with this deal.
Pitt-Penn State game goes national
The Nittany Lions announced Wednesday that their visit to their arch-rivals in Pittsburgh on September 8 will kick off at 8 p.m. The Pirates, set to play the Miami Marlins on the same day at 7:05 p.m. changed the start time of their game to 1:05 p.m.
Square's Bitcoin move causes internal disagreement
After that they dedicated Brock to building Bitcoin within Square Cash , saying the feeling of solving the issue was "amazing". Stark asked what had changed in the interim. "It felt electric", he said.
With debt of Rs 45,733 crore ($6.7 billion) at the end of March 2017, RCom is the most-leveraged of all listed telecoms carriers in India. Due to mounting losses, the company began to wind down its mobile operations from last November. It was also not servicing the debt for many quarters before that as it was looking to recast the loans but the plans did not materialise.
This has prevented the company from closing sale of its telecom tower business to Anil Ambani's elder brother-run Reliance Industries for over Rs 23,000 crore, apart from monetising other assets including selling its sprawling DAKC premises to the Chinese lender and pares debt.
On Wednesday, HSBC Daisy Investment petition opposing the sale of the tower assets of Reliance Infratel the tower subsidiary of RCom came up for hearing in the Supreme Court but was adjourned for May 17.
RCom can appeal the verdict with a tribunal in New Delhi. However, the company refused to comment on the matter saying that its next move will be dictated after studying the court order carefully.
Chris Sale couldn't quite harness his crackling fastball on this night, limited to five innings as his pitch count swelled to 102. Both scored on a double by Chapman, who drove a pitch from Rodriguez over the head of Mookie Betts in right field.
We have to be fighting hard to win something and we have that opportunity next week. "We can win the Cup and finish on a high". Naturally some progress and some don't, but you don't hear about the ones that don't.
Griezmann slotting coolly into the bottom left corner in the 21st minute after being set up by midfielder Gabi's first-time pass. Fernando Torres spoke after he lifted the Europa League trophy with Atlético Madrid in his second last game with the club.
Alyssa Healy, Suzie Bates, Beth Mooney, and Danielle Hazell will be among the big worldwide names in the other team. Rajeev Shukla, Chairman, IPL, said, "We were in talks with several Boards and I am pleased with the outcome".
Dozens in Cadillac rode around Lake Cadillac in silence at about 10 miles per hour to bring awareness to a serious cause. Who: Organized locally by Velo Cape Breton Bicycle Association; all cyclists welcome (helmets are mandatory).
Miles' 4-year-old daughter, Abigail Blumenstein and another child - Joshua Lew, 20 months - were killed that day. And now she has lost the unborn baby that she was carrying at the time, in a tragic development.
More recent songs with a low happiness index included Sam Smith's " Stay with Me " and "Whispers" by Passenger , both from 2014. The researchers emphasize that they were looking for the trends in the acoustic properties and the moods describing the sounds.
N Parliamentarians concerned over Nawaz Sharif's narrative
Former premier is facing massive backlash from the from his opponents over his remark on the 2008 Mumbai terror attacks. He vowed to address the party lawmakers' grievances, and said he will talk to the PML-N supremo over the issue.
Crude Oil Pauses Following Mixed Inventory Reports
The US withdrawal from the 2015 nuclear deal with Iran and promises of new sanctions on the country could also lead to increases. Currently, OPEC and non-OPEC producers have restricted themselves to 32.5 million bpd.
Miramar Map Is Now Available On PUBG Mobile
There are new Progress Missions as well which provide players with another opportunity to earn rewards after completing tasks. PUBG Mobile has been updated to version 0.5.0 for both iOS and Android and it's loaded with a load of new features.
Son leads defence-heavy South Korea squad
A 28-man roster for the upcoming World Cup, which kicks off in a month in Russian Federation , was announced on Monday. South Korea's two English Premier League stars Son Heung-min and Ki Sung-yueng made the cut as expected.
Raquel Pennington's Coach Defends UFC 224 Cornering Decision
She had to do something huge, right? The biggest question for the Brazilian standout at the moment is who does she fight next? So when she said she wanted out, there was an overwhelming sense that her coaches were in the wrong to tell her otherwise.
'It: Chapter Two' Casts James Ransone as Adult Eddie
Deadline has confirmed reports that James Ransone has been cast as the adult version of Eddie in the upcoming horror sequel. Meanwhile, Bill Skarsgard will reprise his role as Pennywise from the first movie.
Christine and Frank 'excited' for pregnancy
And 39-year-old Christine has also revealed how she's feeling ahead of the birth of her first child with former footballer Frank. See a list of celebrities who posed naked and pregnant for magazines and more scandalous nude celeb baby bump photos.
Gameplay Trailer | RAGE 2
Tim Willits of id Software said, "We have this novel approach: You buy the game and then you play it". Rage 2 doesn't have an official release date as of yet, but it's expected to debut in early 2019.
Sports betting in NJ not likely until June, officials say
Murren says people were also anxious about Las Vegas when legal gambling went to other states and to Native American Reservations. The professional sports leagues were on the losing side Monday, but will find ways to profit from betting on their products.