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AIRCEL BANKRUPTCY VERDICT
Creditors to scrap bankruptcy process of Siva IndustriesThe creditors, which include State Bank of India and Malaysia’s Maxis Communications Bhd, the former owner of telecom operator Aircel, have...12 May, 2021, 09.54 AM IST- Telecom bankruptcies worth $6 billion left hanging as ministries argue over airwavesAny uncertainty about lenders’ rights over the key assets of operators could also discourage lending or bank guarantees to Bharti Airtel Lt...25 Sep, 2020, 11.31 AM IST
- Vodafone India poised to avert bankruptcy after Supreme Court orderThe fine print of a Supreme Court judgment published late Tuesday showed Vodafone Idea Ltd. doesn’t need to make any immediate payments as ...02 Sep, 2020, 11.41 PM IST
- Vodafone Idea, Bharti Airtel rise up to 5% ahead of SC verdict on AGR duesVodafone Idea has warned it would be forced to shut shop if made to pay its dues at one go.01 Sep, 2020, 10.32 AM IST
- Supreme Court set to pronounce AGR verdict today, Vodafone-Idea's fate hangs by a threadThe govt has sought a 20-year time frame for telcos to pay back their balance AGR dues, while the two most affected telcos- Vodafone Idea (...01 Sep, 2020, 09.45 AM IST
- Supreme Court asks Jio why it shouldn't be paying AGR dues for the RCom spectrum it usesJio has cleared its own AGR dues of Rs 198 crore while Rcom now owes the government Rs 25,194.58 crore in statutory dues, including those o...17 Aug, 2020, 08.30 PM IST
- RCom tells SC it did not evade paying AGR dues , indicates it is not liable for SSTL's duesReliance Communications, which is in the last leg of its insolvency resolution process, filed its affidavit a few days after Sistema Shyam ...05 Aug, 2020, 07.51 PM IST
- Pushed to the brink, what next? Vodafone Idea’s options dwindleBritish partner, Vodafone Group Plc, has completely written off the value of its 45% holdings in the venture and signaled it isn’t keen to ...17 Feb, 2020, 12.49 PM IST
- Lenders may net Rs 20,000 crore: Jio, UV Asset Recast Co top bidders for RCom assetsBankers have named Jio as the preferred bidder for the tower and fibre assets housed in Reliance Infratel, while UVARCL will acquire the sp...15 Jan, 2020, 07.30 AM IST
- NCLT directs DoT not to suspend Aircel’s spectrum licenseThe battle between Aircel , which keeled under a debt of Rs 26,000 crore, and Department of Telecommunications (DoT) started when the latte...29 Nov, 2019, 09.08 AM IST
- Anil Ambani quits as chairman of bankrupt Reliance CommunicationsThe development follows RCom's consolidated loss of Rs 30,142 crore for the second quarter, released on Friday.17 Nov, 2019, 09.12 AM IST
- RCom moves NCLT demanding status quo on spectrum license from DoTThe National Company Law Tribunal (NCLT) has asked the telecom department to file a reply within next 7 days and asked RP to send a rejoind...19 Sep, 2019, 07.32 PM IST
- Reliance Communications heads to bankruptcy courtNCLT will now hear the insolvency case on May 7 and appoint an IRP to manage the company – under a debt of some Rs 46,000 crore.01 May, 2019, 10.30 AM IST
- Supreme Court allows Aircel staffers to file contempt pleaThe Aircel employees said that without Airtel's payment, they were unable to even meet their basic needs.10 Jan, 2019, 01.09 PM IST
- 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.14 Dec, 2018, 07.11 AM IST
- In relief for Aircel, Supreme Court asks DoT and Airtel to pay upAirtel paid the cash and submitted the bank guarantees to DoT on behalf of cash-stricken Aircel after adjusting the amounts against the spe...29 Nov, 2018, 08.36 AM IST
- TDSAT: Axis Bank couldn’t have encashed guaranteesThe TDSAT order would come as a relief to the country’s third largest private lender that had sought clarity from the tribunal after the Do...23 Mar, 2018, 11.08 PM IST
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