{"id":1030967,"date":"2026-08-25T08:24:22","date_gmt":"2026-08-25T02:54:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1030967"},"modified":"2026-08-25T08:34:39","modified_gmt":"2026-08-25T03:04:39","slug":"hc-says-wont-consider-non-encashment-of-reliance-communications-bank-guarantees-as-default","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/25\/hc-says-wont-consider-non-encashment-of-reliance-communications-bank-guarantees-as-default\/","title":{"rendered":"HC says won&#8217;t consider non-encashment of Reliance Communications &#8216; bank guarantees as default"},"content":{"rendered":"<p>New Delhi: The Delhi High Court said on Monday non-encashment of Reliance Communications&#8217; \u20b9800 crore bank guarantees by Yes Bank, State Bank of India, Punjab National Bank and Canara Bank would not be considered an &#8220;RBI default case&#8221; until September 3, when the matter would be heard next. <\/p>\n<p>The direction came on petitions filed by the banks and others challenging the Department of Telecommunications&#8217; move to invoke the guarantees, in a case related to the insolvency proceedings of the effectively defunct telecom company that was part of Anil Ambani&#8217;s Reliance Group. The bank guarantees are valid until 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The Delhi High Court said on Monday non-encashment of Reliance Communications&#8217; \u20b9800 crore bank guarantees by Yes Bank, State Bank of India, Punjab National Bank and Canara Bank would not be considered an &#8220;RBI default case&#8221; until September 3, when the matter would be heard next. The direction came on petitions filed by the banks and others challenging the Department of Telecommunications&#8217; move to invoke the guarantees, in a case related to the insolvency proceedings of the effectively defunct telecom company that was part of Anil Ambani&#8217;s Reliance Group. The bank guarantees are valid until 2027.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-1030967","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1030967"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030967\/revisions"}],"predecessor-version":[{"id":1030999,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1030967\/revisions\/1030999"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1030967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1030967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1030967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}