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IBC AND TELECOM SECTOR
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
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 can't be transferred, sold by telcos: Supreme CourtThe Supreme Court has ruled that telecom spectrum, a scarce public resource, cannot be transferred or sold under the Insolvency and Bankrup...
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...
Trai recalls 2015 proposal on adjusted gross revenue mathThe telecom regulator has withdrawn the 2015 recommendation exempting telcos from paying license fee and spectrum charges on minimum presum...
Power stocks: Both PSUs and pvt ones got re-rated. Ready for another round in Modi 3.0? 6 stocks with upside potential of up to 37%The summer heat leads to high power consumption is a well known fact. What has been the difference in the headlines this year and last two ...
Aviation Ministry, MCA take different flight paths on IBC moratoriumThe Ministry of Civil Aviation (MoCA) has requested that leased aircraft be exempted from the asset moratorium rule enforced by India's Ins...
Bankruptcy Code tweak to lift freeze on idle waves unlikelyThe draft Telecom Bill proposes provisions that will enable the government to regain control of idle airwaves of insolvent telecom operator...
India is one of the greatest opportunities in the world: Scott Adelson, Houlihan Lokey'India is one of the Greatest Opportunities in the World'. US corporate restructuring specialist Houlihan Lokey is slowly exploring a post-...
MCA, IBBI ask RBI to rethink keeping asset reconstruction companies out of resolutionThe ministry and IBBI, in separate letters to the central bank, said its refusal is likely to impact insolvencies across sectors, two peopl...
AGR case: SC asks DoT to apprise about the basis of spectrum sharing done by telcosThe top court asked the secretary of DoT to file a specific affidavit apprising it about who was using the spectrum from the date of grant ...
NCLT adjourns Reliance Communications and Reliance Telecom case to August 19According to legal sources, the telecom regulator has filed an application for RCom and Reliance Telecom seeking that provision be made in ...
Resolution plan: NCLT to take call on Reliance Communications' assets on WednesdayThe National Company Law Tribunal (NCLT) will decide on August 5 if UV Asset Resolution Co Ltd (UVARCL) and Reliance Jio Infocomm (Jio) are...
Resolution delay forces banks to put NPAs on saleAssets are up for sale - in sectors such as power, roads, telecom - as banks look to get rid of deadwood.
Resolution delay forces banks to put NPAs on saleTotal NPAs in the banking system are pegged at ₹9.3 lakh crore.
Supreme Court quashes RBI circular on debt resolutionThe circular asked banks to either resolve or file for insolvency taking away their discretion to not to act on bad loans.
India Inc's Jan-Jun deal tally at USD 74.8 bn on big-ticket dealsKey growth drivers for the deal activity continue to be big ticket consolidation both domestic and inbound supported by high-value private ...
India Inc still reeling under debt; IBC process slow: Credit SuisseAccording to Credit Suisse the NCLT has admitted 700 cases compared to 2,200 cases that have been referred to it.
RBI, government do heavy lifting; can banks get back in shape?The government has been continuously raising the bar by introducing structural economic reforms.