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AIRCEL GROUP INSOLVENCY
Stocks in news: SBI Life, Trent, Tata Investment, HCL Tech, Suzlon EnergyIn today's trade, shares of SBI Life, Trent, Tata Investment, HCL Tech, Suzlon Energy among others will be in focus due to various news dev...- SBI seeks Supreme Court review of spectrum ruling in Aircel case, warns of banking and IBC risksSBI has moved the Supreme Court seeking review of its February 13 ruling that barred telecom spectrum from being treated as an asset under ...
- SBI moves Supreme Court seeking review of spectrum ruling, flags impact on telecom insolvenciesThe State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...
- Spectrum allocated to telcos not asset, can't be subjected to insolvency process: Supreme CourtThe decision will have ramifications in the telecommunication sector where telecom firms such as Aircel Group of Companies have invoked mor...
- New insolvency framework to be creditor-led: IBBI chairman Ravi MitalThe Insolvency and Bankruptcy Board of India (IBBI) is developing a creditor-led resolution framework to expedite the rescue of stressed fi...
- IBC may get a voluntary group insolvency mechanism soonIndia is introducing a voluntary group insolvency framework under the Insolvency & Bankruptcy Code to streamline the resolution of intercon...
- SC to hear appeals on Aircel spectrum dispute in OctoberThe Supreme Court will hear appeals in October regarding the transfer of Aircel's spectrum as part of its insolvency resolution plan. The g...
- Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrumThe former Resolution Professional of Aircel entities has requested the Supreme Court's permission to sell the right to use spectrum on an ...
- Proposed IBC changes likely to reverse SC's Vidarbha Industries orderThe ministry of corporate affairs on Wednesday proposed that the adjudicating authority must admit an application filed by a financial cred...
- Future Retail lenders select Deloitte backed interim resolution professional to take the company to bankruptcy courtLenders will approach NCLT next week. If the company does get admitted by the NCLT, it will have a bearing on the Rs 24,713-cr offer that R...
- NCLAT says lenders cannot treat telcos' spectrum as 'security interest' under insolvency proceedingsNCLAT on Tuesday ruled that debt-ridden telecom companies undergoing insolvency proceedings cannot claim rights to their spectrum, which is...
- Mauritius investor accuses IDBI Bank of derailing Siva Industries' saleA Mauritius-based investor has accused IDBI Bank of derailing the sale of Siva Industries and Holdings, the promoter company of C Sivasanka...
- SC seeks Airtel, DoT response on Aircel employees’ contempt pleaStaff at debt-laden telco says Airtel and DoT have not released Rs 453 cr as per SC order
- Aircel staffers move Supreme Court against DoT, AirtelThe employees alleged that the companies and their principal officers connived and wilfully disobeyed the court’s orders, according to the ...
- High Court stays IT demand notices on Aircel, Dishnet WirelessHe issued the interim order after going through the affidavits filed by Aircel and Dishnet and the counter by the Assistant Commissioner of...
- Aircel moves Supreme Court against Airtel, DoT over bank guaranteesThe beleaguered telco and its Dishnet Wireless unit said the delay in getting the guarantees back added to its financial struggles.
- Aircel rejigs top deck after exodus of senior executivesThe company’s head of operations Vipul Saurabh and chief marketing officer Anupam Vasudev has resigned as well.
- Op creditors may lose money lent to AircelClaims by operational creditors may not be met with concrete recoveries, given the order of precedence.
- Aircel lenders eye restart, new investorsAircel chief executive Kaizad Heerjee was absent from the meeting. Sources said he was overseas trying to arrange interim funding. Malaysia...
- Debt-laden Aircel to file for bankruptcy at NCLTMalaysian parent company Maxis had earlier proposed a cash infusion to support the debt-laden company but has pulled the plug, said one of ...
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