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AIRCEL RESOLUTION PROPOSAL
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...- 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 ...
- 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...
- UVARCL to move SC against NCLAT order preventing Aircel from selling spectrumUVARCL, which has the clearance of the National Company Law Tribunal (NCLT) to acquire Aircel, will approach the SC in the next couple of d...
- 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...
- Delhi HC asks Govt, Finance Ministry and RBI to consider parity between IBC and Sarfaesi ActAccording to the Sarfaesi Act, asset reconstruction companies that take over stressed assets from lenders cannot infuse equity into an inso...
- Aircel may seek NCLT nod to sell its non-spectrum assetsUnder the insolvency process, Deloitte is running the bankrupt telco’s asset sale process, being the resolution professional. The consultan...
- Delhi High Court stays RBI's show cause notice to UVARCLThe Delhi High Court on Friday stayed a Reserve Bank of India notice warning of possible cancellation of UV Asset Reconstruction Company Lt...
- RBI calls up UVARCL to explain flouted norms; RCom, Aircel resolution plans in the balanceThe banking regulator said in a notice that UVARCL had flouted norms laid down by the Sarfaesi Act and wilfully violated the RBI's guidelin...
- 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...
- SBI to meet RBI brass on dismissal of UV Asset Reconstruction Co. Ltd bidThe RBI’s opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance...
- DoT opposes resolution plan of RCom and its unit Reliance Telecom in NCLTDoT's opposition to the resolution plan will be a big blow to asset reconstruction firm UVARCL which is awaiting National Company Law Tribu...
- NCLT reserves order on resolution plan of AircelIn the resolution plan mentioned in National Company Law Tribunal on Monday, this realisation of Rs 6,600 crore will happen when UVARCL man...
- 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...
- DoT rejects Aircel resolution plan, cites lack of a ‘specific provision’DoT had filed claims worth some Rs 10,000 crore, of which only Rs 2,000 crore was approved by Deloitte, the resolution professional for Air...
- Telecom department rejects Aircel's resolution proposalNCLT's Mumbai bench has asked DoT to file an affidavit by July 22 to which Aircel's RP will respond by July 28. The decision on the resolut...
- Aircel RP, suitor in talks with existing telcos for spectrum saleAircel and its proposed acquirer's move contradicts DoT stance that only govt can sell airwaves.
- Lenders approve UVARCL proposal to acquire AircelIndustry watchers say it will be one of the biggest haircuts in a big-ticket insolvency.
- 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...
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