The State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...

Omkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...

A 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, which has the clearance of the National Company Law Tribunal (NCLT) to acquire Aircel, will approach the SC in the next couple of d...

According 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...

In a recent meeting, the government assured senior officials of the SBI--the largest lender in many bankruptcy cases—that it will work towa...

The request from the lead lender to the bankrupt mobile operator comes days after UV Asset Reconstruction Company - which has proposed to b...

If not the telcos, then their buyer or recipient of the airwaves under the insolvency proceedings – UV Asset Restructuring Company (UVARCL)...

"Spectrum can never be a subject of sale in IBC proceedings," solicitor general Tushar Mehta told the three-judge SC bench, headed by Justi...

Reviving the business of the company to your previous level seems almost impossible. There were 75 million subscribers in Aircel, who have ...

Asset reconstruction firm UVARCL was the shortlisted buyer for Aircel's assets and according to people aware, NCLT's Mumbai bench approved ...

In the resolution plan mentioned in National Company Law Tribunal on Monday, this realisation of Rs 6,600 crore will happen when UVARCL man...

In the resolution plan mentioned in National Company Law Tribunal ( NCLT) on Monday, this realisation will happen when UVARCL manages to se...

Airtel paid the cash and submitted the bank guarantees to DoT on behalf of cash-stricken Aircel after adjusting the amounts against the spe...

The extension was requested by resolution professional Deloitte, who is overseeing the debt resolution process of Aircel.

The 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...

The plea moved through advocate Amit Khemka has also sought setting aside of the approvals granted to Bharti Airtel for acquisition of 4G s...