2016
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Gujarat High Court
|
|
|
Allahabad High Court
|
|
|
Bombay High Court
|
|
|
Rajasthan High Court
|
Detailed explanation-1: -In November 2015, Russia’s public diversified holding company Sistema had announced plans to merge its Indian telecom subsidiary SSTL into RCom. SSTL, a joint venture between Russia’s Sistema and India’s Shyam Group, was providing telecom services under the brand name MTS.
Detailed explanation-2: -Billionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3, 720 crore in November 2019 to acquire the tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications.
Detailed explanation-3: -RCom’s assets and Jio’s takeover bid After Jio placed a takeover bid of Rs 3, 720 crore to acquire tower and fibre assets of RCom, the Committee of Creditors in 2020 approved the resolution plan laid by the company with a 100 per cent vote.