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AIRCEL CASE
More the retro, less the going forwardRecent developments have cast a shadow over government telecom spectrum charges imposed over ten years ago, now being questioned in light o...- 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...
- Aircel’s lenders rope in EY for second forensic auditA second forensic audit while addressing gaps in the first one would also serve the dual purpose of enabling the lenders of the telco to es...
- DoT may move Supreme Court against NCLAT Aircel orderThe telecom department may file an appeal against an appellate order in the Aircel case, objecting to certain portions which stated that sp...
- Sarfaesi Act may be amended for clarity to help UVARCL in Aircel bankruptcy case and assuage SBI concernsIn a recent meeting, the government assured senior officials of the SBI--the largest lender in many bankruptcy cases—that it will work towa...
- Aircel Maxis case: Court reserves order on anticipatory bail plea of Chidambarams for Sep 3Special Judge O P Saini took strong objection to the agencies seeking repeated adjournments, saying "things have become very embarrassing f...
- Aircel-Maxis case: Protection from arrest to Chidambaram extended till January 11It also granted time till January 11 to the CBI to get sanction to prosecute some of people accused in the case.
- Aircel-Maxis case: Agencies may indict some government officialsSC had on March 12 directed CBI and ED to conclude their probe into the 2G cases, including the Aircel-Maxis alleged money laundering case,...
- Aircel and two other companies come under SFIO lensSFIO is probing alleged financial irregularities at debt-laden Aircel as well as two group entities Aircel Cellular and Dishnet Wireless.
- The probe continues despite no alleged offence and FIR: P ChidambaramFormer senior Congress leader had earlier described the ED action in the case as a “crazy mixture of falsehoods and conjectures” and said t...
- Court gives Chidambaram protection from arrest till July 10The investigation agencies -- Enforcement Directorate and CBI -- are investigating Chidambaram's role in Rs 3,500-crore Aircel-Maxis deal.
- Subramanian Swamy asks CAG to re-examine Aircel-Maxis reportSwamy said the final audit report of CAG on the Aircel- Maxis case was pending in its office for the last three years.
- High Court refuses to interfere in Aircel-Maxis caseA bench of CJ G Rohini and Justice Sangita Dhingra Sehgal declined to entertain a PIL seeking directions to the CBI to move the trial court...
- Lenders may move SC to avert Rs 30,000 crore Aircel blowBankers say nearly Rs 30,000-crore debt will become unserviceable if the apex court cancels the telco’s licence.
- HC appears disinclined to interfere in Aircel-Maxis caseThe petitioner, Society for Consumers and Investors Protection (SCIP), has sought directions to CBI to make several subsidiary companies of...
- Aircel-Maxis case:PIL seeks to make Maxis subsidiaries accusedThe plea moved through advocate Amit Khemka has also sought setting aside of the approvals granted to Bharti Airtel for acquisition of 4G s...
- Telecom ministry may not stall Aircel operation saleThe ministry also feels that any "uncalled for hurdle" in a proposed deal of Aircel will mean that the company's business could get weaker.
- Aircel case: ED set to attach Dayanidhi Maran's assets worth Rs 742 croreA UK-based subsidiary of Maxis had purchased shares at premium in Sun Direct Pvt Ltd, owned by the Marans, worth Rs 629 crore.
- Will file complaint in Aircel-Maxis deal: Subramanian Swamy tells courtSubramanian Swamy told a Delhi court hearing the 2G spectrum case that he will file a private complaint in the case relating to Aircel-Maxi...
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