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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...
- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- 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...
- Aircel’s Committee of Creditors moves SC against NCLAT orderPeople familiar with the matter said Aircel resolution professional Deloitte and asset reconstruction firm UVARCL, which had been cleared b...
- Aircel, RCom lenders may challenge NCLAT order on spectrum as they may lose Rs 60K crAccording to the experts and sources working with a committee of creditors, who did not wish to be named, the order may block transfer of A...
- Aircel lenders, UVARCL to move Supreme Court as NCLAT bars spectrum saleThe NCLAT has backed DoT’s stance that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues are ...
- State Bank of India seeks meeting with Finance Minister to save Aircel's resolution planThe request from the lead lender to the bankrupt mobile operator comes days after UV Asset Reconstruction Company - which has proposed to b...
- Aircel lenders staring at a 30 per cent hit due to regulatory delays"Increased delays mean corporate insolvency resolution process (CIRP) costs will shoot up. Fibre, spectrum or towers have barely been maint...
- NCLT OKs Aircel resolution plan, lenders to take sharp haircutsAsset reconstruction firm UVARCL was the shortlisted buyer for Aircel's assets and according to people aware, NCLT's Mumbai bench approved ...
- NCLT reserves order on resolution plan of AircelIn the resolution plan mentioned in National Company Law Tribunal ( NCLT) on Monday, this realisation will happen when UVARCL manages to se...
- Liquidation worry as Aircel strugglesThe lenders also did not grant their consent to the proposal to roll out 15 days of April salaries for about 3,000 employees who have not b...
- GTL Infrastructure seeks to intervene in Aircel bankruptcy proceedingsAircel was GTL Infra’s biggest client. In its application, GTL Infra asked for travel restrictions on Aircel’s current directors to be exte...
- Lenders may push Aircel to buy GTL’s $2.5bn tower companyGTL Infra, which is now majority owned by lenders under the strategic debt restructuring programme, is running a sale process as mandated b...
- Lenders may push Aircel to buy GTL’s $2.5bn tower coBased on recent deal-making in telecom towers, media reports said GTL was expecting the bidders to value the company at around Rs 15,000 cr...
- After RCom, Aircel becomes second major telco in India to default on debtAs a result, rating agency CARE-which put Aircel's long term bank facilities to Rs 17479 crore, downgraded the telco to a default (D) grade...
- Aircel likely to file for bankruptcy; RCom shares take a diveFollowing the report, shares of several lenders to Aircel also came under pressure.
- Banks tell Supreme Court action on Aircel will hit them tooIn its plea to the apex court, the lenders said that shares of Aircel are secured with them and cannot be transferred or sold by shareholde...
- Aircel lenders mull equity infusion from Maxis, merger with Tata TeleservicesThey are exploring a range of options, including a possible merger with Tata Teleservices as well as infusion of addition equity from Maxis...
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