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AIRCEL ASSETS
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...- 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...
- 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, 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...
- 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...
- 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...
- Department of Telecom set to oppose sale of Aircel, RCom spectrum unless AGR dues paidIf not the telcos, then their buyer or recipient of the airwaves under the insolvency proceedings – UV Asset Restructuring Company (UVARCL)...
- Spectrum of bankrupt telcos who owe statutory dues cannot be sold: Govt to SC"Spectrum can never be a subject of sale in IBC proceedings," solicitor general Tushar Mehta told the three-judge SC bench, headed by Justi...
- Don't expect any further hurdles to sale of Aircel assets, including spectrum: UVARCL CFOReviving the business of the company to your previous level seems almost impossible. There were 75 million subscribers in Aircel, who have ...
- 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 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...
- 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...
- Resolution professional gets till January 15 to resolve Aircel asset saleThe extension was requested by resolution professional Deloitte, who is overseeing the debt resolution process of Aircel.
- 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...
- 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...
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