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AIRCEL NCLT
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...
- 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’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...
- RBI calls up UVARCL to explain flouted norms; RCom, Aircel resolution plans in the balanceThe banking regulator said in a notice that UVARCL had flouted norms laid down by the Sarfaesi Act and wilfully violated the RBI's guidelin...
- 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 ...
- NCLAT dismisses DoT's plea in Aircel licence moratorium matter citing delay in appealThe Department of Telecommunications (DoT) had appealed against an order of the Mumbai bench of the National Company Law Tribunal (NCLT). I...
- 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...
- 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 wants more time for fresh bids, citing 127 days lost in Supreme CourtThis is yet another instance of the NCLT cases failing to meet the law mandated 270 days for resolution failing which the company goes into...
- 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...
- 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...
- 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...
- 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 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...
- Reliance Communications and Aircel creditors may challenge NCLT orderThe key operational creditors — those who have dues because they provide a service, not because they lent money — are Ericsson, GTL Infrast...
- Reliance Communications-Aircel merger: NCLT to take call on admitting case todayDoT told the tribunal that it would be appropriate for Aircel & RCom to take permission from SC since the issue with regard to 2G spectrum ...
- RCom, Aircel merger deal on sticky groundSC had earlier this year threatened to cancel Aircel’s licences if the top executives of its Malaysian parent, Maxis Berhad, continued to e...
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