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BANKRUPT TELCO
ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...- 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...
- 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 ...
- Supreme Court directs DoT to assess AGR dues based on trading pacts, raise demands in six weeksThe top court's order has put the spotlight on trading deals that Bharti Airtel had struck with bankrupt telcos Videocon and Aircel and Rel...
- 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...
- AGR case: Supreme Court asks government if Jio should bear Rcom AGR duesThe three-judge bench also asked RCom to explain the fall in the value of its assets, even as the government stressed that airwaves of all ...
- 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...
- RCom tells SC it did not evade paying AGR dues , indicates it is not liable for SSTL's duesReliance Communications, which is in the last leg of its insolvency resolution process, filed its affidavit a few days after Sistema Shyam ...
- Resolution plan: NCLT to take call on Reliance Communications' assets on WednesdayThe National Company Law Tribunal (NCLT) will decide on August 5 if UV Asset Resolution Co Ltd (UVARCL) and Reliance Jio Infocomm (Jio) are...
- 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...
- Shareholders demand RCom's RP to give details of resolution planRCom and its units keeled over under Rs 46,000 crore of debt and is undergoing insolvency proceedings.
- 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 files contempt petition against DoTThe appellants submit that the DoT had failed to pay Rs 298 crore to the appellants by 24.01.2019.
- Airtel says released Rs 453 crore, Aircel says got only Rs 341 croreAirtel, the country’s second-largest telecom operator, had paid Rs 298 crore in cash and submitted bank guarantees worth Rs 453 crore to Do...
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