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AIRCEL BANKRUPT
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...
- 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 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...
- 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)...
- Supreme Court says NCLAT to decide on spectrum sale of bankrupt AircelThe government in various appellate and insolvency courts has said that spectrum is a national asset that cannot be transferred to a third ...
- RBI may propose tweaks to Sarfaesi Act to bridge regulation gap with IBCs for ARCsThe recommendations, which will be made to the government, could be taken up in the monsoon session of parliament, scheduled to start later...
- DoT moves NCLAT against Aircel resolution nodThe DoT alleged that Aircel’s resolution blueprint is a “liquidation plan” not aimed at reviving the bankrupt telco and includes the transf...
- 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...
- UVARCL expects demand for Aircel spectrumRitesh Aggarwal, the chief financial officer told ET that valuation of airwaves and other assets would have been higher owing to six to sev...
- Department of Telecommunications may move SC against moratorium on Aircel spectrumThe DoT’s plan comes after an appellate tribunal dismissed its plea contesting an earlier order declaring that Aircel’s spectrum and licenc...
- NCLT directs DoT not to suspend Aircel’s spectrum licenseThe battle between Aircel , which keeled under a debt of Rs 26,000 crore, and Department of Telecommunications (DoT) started when the latte...
- 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 files contempt petition against DoTThe appellants submit that the DoT had failed to pay Rs 298 crore to the appellants by 24.01.2019.
- Aircel plea seeking Rs 453 cr dues from Airtel admittedThe Supreme Court has asked Bharti Airtel to reply to a notice in two weeks while admitting bankrupt telecom firm Aircel's petition seeking...
- SC issues notice to Airtel on Aircel plea seeking Rs 453 crore duesLast week, Aircel had moved apex court seeking an order directing Bharti Airtel to pay the Rs 453 crore that it owes to the bankrupt carrie...
- Aircel parent infuses Rs 95 crore to help pay staff, meet other expensesAircel management has been closely working with Malaysiaheadquartered Maxis, owned by businessman T Ananda Krishnan, for the emergency infu...
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