From glory to dust: An Ambani brand's journey to bankruptcy economictimes.indiatimes.com

After Anil Ambani's debt-laden Reliance CommunicationsNSE -27.81 % Ltd (RCom) said it would seek a fast-track resolution through the bankruptcy court National Company Law Tribunal to resolve its indebtedness, the shares plunged as much as 54.3 per cent to Rs 5.3 apiece on Monday in Mumbai trading, Reuters reported. According to an ET report, Swedish telecom gear maker Ericsson is set to file an application in the Supreme Court, pleading that all personal assets of RCom chairman Anil Ambani be se ..