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AIRCEL BANKRUPTCY
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...
- TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLATTVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India. The company withdrew its appeal against an order that rejec...
- 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...
- DoT to oppose spectrum sale of bankrupt telcosDoT says only the government can sell asset; move may make RCom, Aircel less attractive to buyers.
- Aircel employees back each other in misery & uncertaintyAircel’s reigns have been given to an insolvency resolution professional (IRP) from Deloitte after it was admitted to bankruptcy in March.
- BSNL approaches DoT for recovery of Aircel's outstanding duesThe telecom PSU, in a letter to the Department of Telecom (DoT), has also said it is exploring options including legal remedies for recover...
- Vodafone, Idea may take legal action against Aircel to recover duesAircel owes about Rs 60 crore to Idea Cellular including interconnect usage charges (IUC), and a similar estimated amount to Vodafone India...
- GTL Infrastructure seeks to intervene in Aircel bankruptcy proceedingsAircel was GTL Infra’s biggest client. In its application, GTL Infra asked for travel restrictions on Aircel’s current directors to be exte...
- TDSAT grants temporary relief to Aircel, bars DoT from encashing telco's bank guaranteesAircel and its units Dishnet Wireless and Aircel Cellular have filed for bankruptcy after over four months of attempts to settle with lende...
- Ericsson moves Delhi High Court to recover Aircel duesAircel, owned by Malaysia’s Maxis, and its units have debt of Rs 50,000 crore which includes Rs 19,889 crore owed to operational lenders, s...
- GTL Infra plunges 20% on Aircel insolvency worriesThe stock plunged 19.85 per cent to Rs 3.11 on Friday.
- NCLT accepts Aircel's bankruptcy petitionVijay Iyer of consultancy firm Deloitte Haskins & Sells has been nominated as insolvency resolution professional (IRP) from Aircel's side t...
- Aircel seeks urgent hearing at NCLT to appoint an IRPThe company owes about Rs 15,000 crore to its financial creditors and the rest to its operational creditors, or those who provide it servic...
- NCLT to hear Aircel bankruptcy plea on March 8Aircel, running a debt of Rs 15,500 crore to lenders, besides thousands of crores to operational creditors, Monday sought an urgent hearing...
- Aircel makes desperate calls to Reliance Jio, Airtel to keep network runningIntense competition in India’s telecom market has hurt operators including Aircel, which is facing partial network shutdowns and going thro...
- Aircel creditors to knock on NCLT door to recover duesAircel said its talks with lenders and shareholders failed to yield a consensus on restructuring its Rs 15,500-crore debt and getting fundi...
- Aircel, country's last small mobile phone operator, files for bankruptcyThis last resort was taken when the Malaysia-owned Maxis company failed to strike a truce with its lenders and shareholders.
- Aircel likely to file for bankruptcy; RCom shares take a diveFollowing the report, shares of several lenders to Aircel also came under pressure.
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