独家
Aircel贷款人将SC上诉法庭酒吧频谱出售
银行希望恢复25000 - 30000卢比从Aircel RCom决议计划下的破产和破产法(IBC) / Rs 1的说法,16000卢比。
-
BSNL测试本地4 g技术现场网络
开发的设备,远程信息技术开发中心和塔塔咨询服务公司(TCS)已经测试一个静态网络上同时处理1000万个电话。现场网络上测试成功之后,更广泛的推广将开始,公司的一名高级官员不愿透露姓名的说。
-
-
-
印度国家银行为首的银行,UVARCL担心陷入困境的电信公司Aircel和决议计划信实电信会过时的,如果国家公司法上诉法庭的命令不是放在一边,三个人知道告诉发展等。
一个由三名法官组成的长椅上的NCLAT周三支持上诉由电信部门(DoT)反对破产法庭批准Aircel决议计划,其中包括转让UVARCL频谱。
“对我们来说,这是一个巨大的挫折”参与这个过程的一位银行家说。“如果没有给我们暂缓,这些公司无疑是前往清算决议申请人或破产电信公司无力支付频谱费。”
Aircel和欠RCom超过政府38000卢比作为调整总收入(AGR) -相关费在12389卢比,26000卢比,分别。Videocon电信,另一个已经电信在解决过程,AGR的会费Rs1,376卢比。
除了AGR会费,点也声称从Aircel 14000卢比,包括违约不支付分期付款的频谱使用权,作为运营债权人。
UVARCL Aircel的计划下,操作债权人,包括政府税,仅提供28.50卢比——或者,0.16%的17462卢比。
“破产法协议费金融债权人的地位,应该由所有利益相关者履行,”银行家早些时候援引说。“点应该理解,操作按IBC债权人的地位。”
“不能利用光谱没有支付必要的费用,不能摧毁了触发CIRP(企业破产的决议过程)i b下代码(破产和破产法)…违约许可/电信公司不能允许摆脱负债…上诉法庭说:“在它的秩序。
德勤,解决专业Aircel和信实电信和银行认为,光谱是一个自然资源,不能保持空闲,他们在他们的权利再分配它恢复会费。
破产电信公司表示,银行,包括公共部门银行,将打击如果电波不能被转移。
如果Aircel和RCom被迫清算,印度国家银行,导致银行,会伤害最多,两家电信公司租借12000卢比。Canara银行印度的银行辛迪加银行和工商银行中国工商银行(ICBC)等40多个银行暴露在两艘航母。
因此,债权人决定对NCLAT秩序的最高法院。
一个人直接意识到发展UVARCL说,将最高法院。“这是特别是因为订单将影响RCom决议,仍悬而未决NCLT(国家公司法法庭),他们(点)可能使用NCLAT秩序作为参考,”这个人说。
印度国家银行和UVARCL没有回应ETs查询新闻时间。德勤拒绝评论关系很重要。
Kumar Saurabh辛格(manmohan Singh)律师事务所合伙人比& Co说NCLAT的推理可能不会站在SC,鉴于破产规则是如何工作的。
“IBC不作任何区别对待债权人提供自然资源,也不把政府和私营部门费不同,”辛格说。“瀑布安排,给出金融债权人的利益优先于操作的。我们已经看到在许多情况下,上市公司,被操作债权人完全注销他们的声明。有,公共利益的论点是,”他说。
上诉法庭裁决将在任何情况下延迟的解决过程,进一步削弱Aircel和信实电信的资产的价值,光谱是最有价值的截止日期允许使用电波来近,专家说。
根据决议计划批准NCLT孟买的长椅上2020年6月,UVARCL应该接管Aircel的资产,包括谱,为6630卢比,贷款人将理发费总额89%的58670卢比。UVARCL希望产生最大的一部分基金——800 - 1300卢比——通过出售1800 MHz和2100 MHz频段的频谱。
信实电信的,50岁以上的银行预期20000 - 23000卢比的出售资产,包括频谱,对抗债权人的57382卢比。根据该计划通过银行去年3月,纤维和频谱RCom应该去UVARCL和塔依赖Jio Infocomm。塔计划的一部分,根据NCLT鼓吹他的依赖——已经被清除,而信实电信的决议计划尚未得到破产法庭的点头。
然而,Videocon表示,不影响的最新订单。
Sandeep Ladda,律师代表Videocon和其创始人Venugopal Dhoot, NCLAT说的订单不会有任何轴承Videocon的解决过程作为公司的光谱被转移到附近的旅馆开始之前就破产。
“银行和不反对批准证书之后点了和频谱被点转移,”他说。”因此,光谱不会解决计划的一部分,根据IB代码,交易后出现的任何未来债务将恢复按销售合同或从Videocon的剩余资产,不会拖延决议过程。”
Airtel最近点Videocon支付会费的需求下降,说这不是责任。
![\"Aircel](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/figure>New Delhi: Lenders to Aircel and UV Asset Reconstruction, which was to take over the defunct telco\u2019s assets under the insolvency process, are planning to approach the Supreme Court<\/a> after an appellate tribunal barred sale of its spectrum until government dues are cleared.Lenders, led by State Bank of India, and UVARCL fear that the resolution plans of troubled telcos Aircel and Reliance Communications<\/a> will go kaput if the National Company Law Appellate Tribunal\u2019s order is not set aside, three people aware with the development told ET.
A three-judge bench of NCLAT<\/a> on Wednesday upheld an appeal by the telecom department (DoT) against an insolvency court order approving the Aircel resolution plan, which included transfer of spectrum to UVARCL.
<\/div><\/div>Lenders were hoping to recover Rs 25,000-30,000 crore from Aircel and RCom<\/a> resolution plans under the Insolvency and Bankruptcy Code (IBC) against their claims of over Rs 1,16,000 crore.
\u201cThis is a big setback for us,\u201d said a banker involved in the process. \u201cIf no reprieve is given to us, these companies are surely headed to liquidation as the resolution applicants or the defunct telcos are in no position to pay spectrum dues.\u201d
Aircel and RCom owe more than Rs 38,000 crore to the government as adjusted gross revenue (AGR)-related dues at Rs 12,389 crore and Rs 26,000 crore, respectively. Videocon<\/a> Telecommunications, another defunct telco under the resolution process, has AGR dues of Rs1,376 crore.
Besides AGR dues, DoT has also claimed Rs 14,000 crore from Aircel, which includes defaults on non-payment of instalments for the right to use spectrum, as an operational creditor.
Under UVARCL\u2019s plan for Aircel, operational creditors, including dues to the government, are provided only Rs 28.50 crore \u2014 or, 0.16% of the Rs 17,462 crore claimed.
\u201cThe bankruptcy code accords primacy to dues of financial creditors, and that should be honoured by all stakeholders,\u201d said the banker quoted earlier. \u201cThe DoT should understand that it has operational creditor status as per the IBC.\u201d
\u201cThis is a big setback for us,\u201d said a banker involved in the process. \u201cIf no reprieve is given to us, these companies are surely headed to liquidation as the resolution applicants or the defunct telcos are in no position to pay spectrum dues.\u201d
Aircel and RCom owe more than Rs 38,000 crore to the government as adjusted gross revenue (AGR)-related dues at Rs 12,389 crore and Rs 26,000 crore, respectively. Videocon<\/a> Telecommunications, another defunct telco under the resolution process, has AGR dues of Rs1,376 crore.
Besides AGR dues, DoT has also claimed Rs 14,000 crore from Aircel, which includes defaults on non-payment of instalments for the right to use spectrum, as an operational creditor.
Under UVARCL\u2019s plan for Aircel, operational creditors, including dues to the government, are provided only Rs 28.50 crore \u2014 or, 0.16% of the Rs 17,462 crore claimed.
\u201cThe bankruptcy code accords primacy to dues of financial creditors, and that should be honoured by all stakeholders,\u201d said the banker quoted earlier. \u201cThe DoT should understand that it has operational creditor status as per the IBC.\u201d
<\/div><\/div>However, the NCLAT has backed DoT\u2019s stance that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues are paid and after it gives approval as per airwave trading rules.
\u201cThe spectrum cannot be utilised without payment of requisite dues, which cannot be wiped off by triggering CIRP (corporate insolvency resolution procedure) under the I&B Code (Insolvency and Bankruptcy Code)\u2026 Defaulting licensees\/ telcos cannot be permitted to wriggle out of their liabilities...,\u201d the appellate tribunal said in its order.
Deloitte, the resolution professional of Aircel and RCom, and lenders had argued that spectrum was a natural resource that cannot be kept idle and that they were well within their rights to reassign it to recover the dues.
The insolvent telcos had said lenders, including public sector banks, will be hit if the airwaves aren\u2019t allowed to be transferred.
If Aircel and RCom are pushed into liquidation, SBI, the lead lender, would be hurt the most, having loaned Rs 12,000 crore to the two telcos. The likes of Bank of India, Canara Bank, Syndicate Bank and Industrial and Commercial Bank of China (ICBC) are among over 40 lenders having exposure to the two carriers.
Hence the lenders\u2019 decision to move the top court against the NCLAT order.
A person directly aware of the development said UVARCL, too, will move the Supreme Court. \u201cThis is especially because the order will impact RCom resolution as well, which is still pending in NCLT<\/a> (National Company Law Tribunal<\/a>) and they (DoT) may use NCLAT order as reference,\u201d the person said.
SBI and UVARCL did not respond to ETs query as of press time Wednesday. Deloitte declined to comment on client-specific matters.
Read also<\/h3>
\u201cThe spectrum cannot be utilised without payment of requisite dues, which cannot be wiped off by triggering CIRP (corporate insolvency resolution procedure) under the I&B Code (Insolvency and Bankruptcy Code)\u2026 Defaulting licensees\/ telcos cannot be permitted to wriggle out of their liabilities...,\u201d the appellate tribunal said in its order.
Deloitte, the resolution professional of Aircel and RCom, and lenders had argued that spectrum was a natural resource that cannot be kept idle and that they were well within their rights to reassign it to recover the dues.
The insolvent telcos had said lenders, including public sector banks, will be hit if the airwaves aren\u2019t allowed to be transferred.
If Aircel and RCom are pushed into liquidation, SBI, the lead lender, would be hurt the most, having loaned Rs 12,000 crore to the two telcos. The likes of Bank of India, Canara Bank, Syndicate Bank and Industrial and Commercial Bank of China (ICBC) are among over 40 lenders having exposure to the two carriers.
Hence the lenders\u2019 decision to move the top court against the NCLAT order.
A person directly aware of the development said UVARCL, too, will move the Supreme Court. \u201cThis is especially because the order will impact RCom resolution as well, which is still pending in NCLT<\/a> (National Company Law Tribunal<\/a>) and they (DoT) may use NCLAT order as reference,\u201d the person said.
SBI and UVARCL did not respond to ETs query as of press time Wednesday. Deloitte declined to comment on client-specific matters.
Read also<\/h3><\/a><\/div>Airtel refused to pay Videocon AGR dues: DoT<\/h4><\/a><\/div><\/a><\/div>Aircel may seek permission to sell non-spectrum assets<\/h4><\/a><\/div><\/div>
Kumar Saurabh Singh, partner at law firm Khaitan & Co, said NCLAT\u2019s reasoning may not stand ground in the SC, given how the insolvency rules work.
\u201cThe IBC does not make any distinction on treatment of a creditor supplying natural resource, neither does it treat government and private sector dues differently,\u201d Singh said. \u201cIn the waterfall arrangement, the interests of financial creditors are given precedence over the operational ones. We have seen in numerous cases where listed companies, being operational creditors have seen complete write off of their claims. There, too, public interest argument can be made,\u201d he said.
The appellate tribunal ruling will in any case delay the close of the resolution process, further eroding the value of Aircel's and RCom\u2019s assets, spectrum being the most valuable as the expiry date of the permit to use the airwaves comes closer, experts said.
According to the resolution plan approved by NCLT\u2019s Mumbai bench in June 2020, UVARCL was supposed to take over Aircel\u2019s assets, including spectrum, for Rs 6,630 crore, with lenders taking a haircut of 89% on total dues of Rs 58,670 crore. UVARCL was expecting to generate the biggest chunk of funds \u2014 Rs 800-1,300 crore \u2014 through the sale of spectrum in the 1800 MHz and 2100 MHz bands.
In the case of RCom, over 50 lenders were expecting Rs 20,000-23,000 crore from the sale of assets, including spectrum, against lenders\u2019 claims of Rs 57,382 crore. Under the plan cleared by lenders in March last year, RCom\u2019s fibre and spectrum is supposed to go to UVARCL and towers to Reliance Jio Infocomm. The tower part of the plan \u2013 under Reliance Infratel \u2013 has been cleared by NCLT, while RCom\u2019s resolution plan is yet to get the bankruptcy court\u2019s nod.
Videocon, however, said it is not impacted by the latest order.
Sandeep S Ladda, counsel representing Videocon and its founder Venugopal Dhoot, said NCLAT\u2019s order will not have any bearing on Videocon\u2019s resolution process as the company\u2019s spectrum was transferred to Airtel much prior to initiation of insolvency.
\u201cApprovals of lenders and no-objection certificate from the DoT was obtained and thereafter spectrum was transferred by DoT,\u201d he said. \u201cTherefore, spectrum won\u2019t be part of resolution plan and as per IB Code, any future liabilities that arise after the trade will be recovered as per sale contract or from remaining assets of Videocon and that will not stall the resolution process.\u201d
Airtel had recently declined DoT\u2019s demand to pay Videocon\u2019s dues, saying it wasn\u2019t liable.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"37.0","minfoseo":"37-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1618454837594","minfoseo":"1618454837594"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-687355747","minfoseo":"-687355747"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"NumberOfCharacters":{"minfo":"6344.0","minfoseo":"6344-0"},"NumberOfWords":{"minfo":"1028.0","minfoseo":"1028-0"},"key":{"0":{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"6354248","value":"videocon","smid":"0","keynameseo":"videocon","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"6368075","value":"RCom","smid":"0","keynameseo":"RCom","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"6354287","value":"bharti airtel","smid":"0","keynameseo":"bharti-airtel","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":[{"artau":"Saloni Shukla","aunameseo":"saloni-shukla","artauid":"479242889","artauemail":"saloni.shukla@timesgroup.com","auselfimageid":"479242889","auimageid":"00479242889","auimagelen":"22431","auFullName":"Saloni Shukla","pubname":"The Economic Times","designame":"Deputy Banking Editor","audetailsxml":{"authordetails":"Saloni Shukla has nearly 15 years of experience covering a range of issues in the financial services sector, real estate and investigative journalism. Her expertise lies in reporting on the boardroom drama inside our banks, corporate finance, fund raising, distressed assets and the policy actions by the Reserve Bank of India.","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"},{"artau":"Devina Sengupta","aunameseo":"devina-sengupta","artauid":"479252477","artauemail":"devinafake1@in.com","auselfimageid":"479252477","auimageid":"00479252477","auimagelen":"4566","auFullName":"Devina Sengupta","pubname":"ET","designame":"Assistant Editor","audetailsxml":{"authordetails":"I track the Telecom sector, tussles in India Inc's Business Houses and have reported on the Human Capital market for close to a decade. Now in the Telecom beat, I report on M&As, government policies, consumer behaviour and the legal battles involving investors, shareholders and companies. A degree in psychology and another one in journalism helps me break down a story and cover its impact from multiple perspectives. You can reach me on devina.sengupta@timesgroup.com and on Twitter - @DevinaET","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"autype":"GENERAL"},{"artau":"Himanshi Lohchab","aunameseo":"himanshi-lohchab","artauid":"479253129","artauemail":"himanshi.lohchab@timesgroup.com","auFullName":"Himanshi Lohchab","pubname":"ET","designame":"Journalist","audetailsxml":{"authordetails":[],"details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}]},"similarlytagged":[{"msid":"97251202","stname":"RCom: 2 units will sell properties, including DAKC","artsyn":"\u201c\u2026the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies\u2019) have vide their respective board resolutions approved initiation of sale process for certain properties owned by such selling companies\u2026these properties inter alia include the DAKC,\u201d RCom said in an exchange filing Monday.","seolocation":"telecomnews\/rcom-2-units-will-sell-properties-including-dakc","seolocationalt":"RCom: 2 units will sell properties, including DAKC","url_seo":"rcom-2-units-will-sell-properties-including-dakc"},{"msid":"96959404","stname":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","artsyn":"\u201cIn his new role, Amit will work closely with the CEO and the leadership team to drive all business aspects of the further evolution of the company. He will be responsible for business strategies, partnerships, marketing, monetization, growth, and Indian expansion at Web Werks,\u201d the data center firm said in a statement Friday.","seolocation":"telecomnews\/web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer","seolocationalt":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","url_seo":"web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer"},{"msid":"96915610","stname":"RCom CoC to meet on Thursday","artsyn":"The agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the matter were not answered at press time.","seolocation":"telecomnews\/rcom-coc-to-meet-on-thursday","seolocationalt":"RCom CoC to meet on Thursday","url_seo":"rcom-coc-to-meet-on-thursday"},{"msid":"96597244","stname":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","artsyn":"Citing deficiency in service, Commission President V C Premchandani and member Poonam V Maharshi noted in their order that the compensation will include Rs 25,000 towards mental harassment and Rs 10,000 towards the cost of litigation.","seolocation":"telecomnews\/reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number","seolocationalt":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","url_seo":"reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number"},{"msid":"96274265","stname":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","artsyn":"In November, RCom that housed Anil Ambani-owned Reliance Group\u2019s telecom business, had said that Axis Trustee Services Ltd. had told the telco of its intention to invoke and sell 100% of equity shares in GIDC to a third party.","seolocation":"telecomnews\/axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans","seolocationalt":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","url_seo":"axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans"},{"msid":"95718694","stname":"NCLT orders urgent implementation of Reliance Infratel resolution plan","artsyn":"As per the orders of the NCLT made public on Wednesday, the court allowed Jio\u2019s arm, Reliance Project and Property Management Services Ltd (RP&PMSL) to deposit Rs 3720 crore in a State Bank of India escrow account as part of the Reliance Infratel Ltd. (RITL) insolvency resolution plan.","seolocation":"telecomnews\/nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan","seolocationalt":"NCLT orders urgent implementation of Reliance Infratel resolution plan","url_seo":"nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan"},{"msid":"95453659","stname":"RCom unit sold to third party for non-repayment of loans","artsyn":"RCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.","seolocation":"telecomnews\/rcom-unit-sold-to-third-party-for-non-repayment-of-loans","seolocationalt":"RCom unit sold to third party for non-repayment of loans","url_seo":"rcom-unit-sold-to-third-party-for-non-repayment-of-loans"},{"msid":"94822982","stname":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","artsyn":"Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs exceeding \u20b91,000 crore, are eligible to submit bids in bankruptcy settings. The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.","seolocation":"telecomnews\/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal","seolocationalt":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","url_seo":"lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal"},{"msid":"92681340","stname":"\u200bRCom fails to attract buyers for non-core assets","artsyn":"These assets included land in Pune (871.1 sq metres) and Chennai (3.44 acres); offices in Chennai's Haddows Road and Bhubaneswar; and shares of Campion Properties Ltd and Reliance Realty.","seolocation":"telecomnews\/rcom-fails-to-attract-buyers-for-non-core-assets","seolocationalt":"\u200bRCom fails to attract buyers for non-core assets","url_seo":"rcom-fails-to-attract-buyers-for-non-core-assets"},{"msid":"90554911","stname":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","artsyn":"The fresh calculation shows AGR liability on Bharti Airtel was Rs 31,280 crore, Vodafone Idea Rs 59,236.63 crore, Reliance Jio Rs 631 crore, BSNL Rs 16,224 crore, MTNL Rs 5,009.1 crore up to financial year 2018-19.","seolocation":"telecomnews\/telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan","seolocationalt":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","url_seo":"telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan"},{"msid":"86787263","stname":"DoT to SC: Want to reconsider appeal against TDSAT ruling","artsyn":"A two-judge bench headed by Justice MR Shah set the next hearing for November 17, but told solicitor general Tushar Mehta that the government would need to \u201csatisfy\u201d the court, which will have to \u201cconsider the larger public interest.\u201d","seolocation":"telecomnews\/sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge","seolocationalt":"DoT to SC: Want to reconsider appeal against TDSAT ruling","url_seo":"sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge"},{"msid":"85477392","stname":"In-depth: Making sense of India\u2019s telecoms job market","artsyn":"Last year, post clashes between the Indian and Chinese forces in Ladakh led to a policy change concerning the Chinese vendors. This led to the Chinese vendors reducing their workforce in India. There were reports that Chinese gear maker Huawei slashed its workforce by as much as 60-70% last year.","seolocation":"telecomnews\/in-depth-making-sense-of-indias-telecoms-job-market","seolocationalt":"In-depth: Making sense of India\u2019s telecoms job market","url_seo":"in-depth-making-sense-of-indias-telecoms-job-market"},{"msid":"85445788","stname":"Vodafone Idea lenders demand additional collateral on existing loans","artsyn":"\u201cLenders are worried over the recent ratings downgrade of the telco and are seeking changes in loan covenants with higher interest rates and top up on margin money and security against existing facilities,\u201d said a bank official who did not want to be named.","seolocation":"telecomnews\/vodafone-idea-lenders-demand-additional-collateral-on-existing-loans","seolocationalt":"Vodafone Idea lenders demand additional collateral on existing loans","url_seo":"vodafone-idea-lenders-demand-additional-collateral-on-existing-loans"},{"msid":"85167855","stname":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","artsyn":"They instead pushed the Department of Telecommunications (DoT) to take steps to save the carrier, failing which the government would stand to lose a lot more than banks.","seolocation":"telecomnews\/converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot","seolocationalt":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","url_seo":"converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot"},{"msid":"85044583","stname":"Banks to discuss next course of action on Vodafone Idea","artsyn":"According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore, out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.","seolocation":"telecomnews\/banks-to-discuss-next-course-of-action-on-vodafone-idea","seolocationalt":"Banks to discuss next course of action on Vodafone Idea","url_seo":"banks-to-discuss-next-course-of-action-on-vodafone-idea"},{"msid":"84970344","stname":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","artsyn":"Prior to VIL, Khurana was Head of Sales Consulting for Asia Pacific & Japan with Oracle.","seolocation":"telecomnews\/vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal","seolocationalt":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","url_seo":"vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal"},{"msid":"84861329","stname":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","artsyn":"The list of violators shared by Minister of State for Telecom Devusinh Chauhan includes C-DAC Noida, Icenet.net, Kappa Internet Services, Noida Software Technology Park and World Gate Network.","seolocation":"telecomnews\/airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt","seolocationalt":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","url_seo":"airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt"},{"msid":"84812647","stname":"Government mulling long-term measures to boost health of stressed telecom sector","artsyn":"A critical step is a relook at the definition of AGR to exclude non-telecom items. This has been a longstanding battle between the government and telcos, which the DoT won in September 2019 in the Supreme Court.","seolocation":"telecomnews\/government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector","seolocationalt":"Government mulling long-term measures to boost health of stressed telecom sector","url_seo":"government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector"},{"msid":"84780445","stname":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","artsyn":"At present, Vi owes the Department of Telecommunications more than Rs 1.5 lakh-crore by way of AGR and deferred spectrum payment dues.","seolocation":"telecomnews\/deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea","seolocationalt":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","url_seo":"deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"6354248","value":"videocon","smid":"0","keynameseo":"videocon","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6368075","value":"RCom","smid":"0","keynameseo":"RCom","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354287","value":"bharti airtel","smid":"0","keynameseo":"bharti-airtel","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"National Company Law Tribunal"},{"name":"Reliance communications"},{"name":"Supreme Court"},{"name":"bharti airtel"},{"name":"telecom news"},{"name":"videocon"},{"name":"Industry"},{"name":"nclat"},{"name":"RCom"},{"name":"nclt"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["Reliance communications","videocon","telecom news","Supreme Court","RCom","nclt","nclat","National Company Law Tribunal","Industry","bharti airtel"],"filterTags":[]},"breadcrumbTags":["Reliance communications","videocon","telecom news","Supreme Court","RCom","nclt","nclat","National Company Law Tribunal","Industry","bharti airtel"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale\/82076968","associated":{"articles":{"97251202":{"msid":"97251202","stname":"RCom: 2 units will sell properties, including DAKC","artsyn":"\u201c\u2026the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies\u2019) have vide their respective board resolutions approved initiation of sale process for certain properties owned by such selling companies\u2026these properties inter alia include the DAKC,\u201d RCom said in an exchange filing Monday.","seolocation":"telecomnews\/rcom-2-units-will-sell-properties-including-dakc","seolocationalt":"RCom: 2 units will sell properties, including DAKC","url_seo":"rcom-2-units-will-sell-properties-including-dakc"},"96959404":{"msid":"96959404","stname":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","artsyn":"\u201cIn his new role, Amit will work closely with the CEO and the leadership team to drive all business aspects of the further evolution of the company. He will be responsible for business strategies, partnerships, marketing, monetization, growth, and Indian expansion at Web Werks,\u201d the data center firm said in a statement Friday.","seolocation":"telecomnews\/web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer","seolocationalt":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","url_seo":"web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer"},"96915610":{"msid":"96915610","stname":"RCom CoC to meet on Thursday","artsyn":"The agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the matter were not answered at press time.","seolocation":"telecomnews\/rcom-coc-to-meet-on-thursday","seolocationalt":"RCom CoC to meet on Thursday","url_seo":"rcom-coc-to-meet-on-thursday"},"96597244":{"msid":"96597244","stname":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","artsyn":"Citing deficiency in service, Commission President V C Premchandani and member Poonam V Maharshi noted in their order that the compensation will include Rs 25,000 towards mental harassment and Rs 10,000 towards the cost of litigation.","seolocation":"telecomnews\/reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number","seolocationalt":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","url_seo":"reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number"},"96274265":{"msid":"96274265","stname":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","artsyn":"In November, RCom that housed Anil Ambani-owned Reliance Group\u2019s telecom business, had said that Axis Trustee Services Ltd. had told the telco of its intention to invoke and sell 100% of equity shares in GIDC to a third party.","seolocation":"telecomnews\/axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans","seolocationalt":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","url_seo":"axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans"},"95718694":{"msid":"95718694","stname":"NCLT orders urgent implementation of Reliance Infratel resolution plan","artsyn":"As per the orders of the NCLT made public on Wednesday, the court allowed Jio\u2019s arm, Reliance Project and Property Management Services Ltd (RP&PMSL) to deposit Rs 3720 crore in a State Bank of India escrow account as part of the Reliance Infratel Ltd. (RITL) insolvency resolution plan.","seolocation":"telecomnews\/nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan","seolocationalt":"NCLT orders urgent implementation of Reliance Infratel resolution plan","url_seo":"nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan"},"95453659":{"msid":"95453659","stname":"RCom unit sold to third party for non-repayment of loans","artsyn":"RCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.","seolocation":"telecomnews\/rcom-unit-sold-to-third-party-for-non-repayment-of-loans","seolocationalt":"RCom unit sold to third party for non-repayment of loans","url_seo":"rcom-unit-sold-to-third-party-for-non-repayment-of-loans"},"94822982":{"msid":"94822982","stname":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","artsyn":"Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs exceeding \u20b91,000 crore, are eligible to submit bids in bankruptcy settings. The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},"93626971":{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.","seolocation":"telecomnews\/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal","seolocationalt":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","url_seo":"lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal"},"92681340":{"msid":"92681340","stname":"\u200bRCom fails to attract buyers for non-core assets","artsyn":"These assets included land in Pune (871.1 sq metres) and Chennai (3.44 acres); offices in Chennai's Haddows Road and Bhubaneswar; and shares of Campion Properties Ltd and Reliance Realty.","seolocation":"telecomnews\/rcom-fails-to-attract-buyers-for-non-core-assets","seolocationalt":"\u200bRCom fails to attract buyers for non-core assets","url_seo":"rcom-fails-to-attract-buyers-for-non-core-assets"},"90554911":{"msid":"90554911","stname":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","artsyn":"The fresh calculation shows AGR liability on Bharti Airtel was Rs 31,280 crore, Vodafone Idea Rs 59,236.63 crore, Reliance Jio Rs 631 crore, BSNL Rs 16,224 crore, MTNL Rs 5,009.1 crore up to financial year 2018-19.","seolocation":"telecomnews\/telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan","seolocationalt":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","url_seo":"telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan"},"86787263":{"msid":"86787263","stname":"DoT to SC: Want to reconsider appeal against TDSAT ruling","artsyn":"A two-judge bench headed by Justice MR Shah set the next hearing for November 17, but told solicitor general Tushar Mehta that the government would need to \u201csatisfy\u201d the court, which will have to \u201cconsider the larger public interest.\u201d","seolocation":"telecomnews\/sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge","seolocationalt":"DoT to SC: Want to reconsider appeal against TDSAT ruling","url_seo":"sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge"},"85477392":{"msid":"85477392","stname":"In-depth: Making sense of India\u2019s telecoms job market","artsyn":"Last year, post clashes between the Indian and Chinese forces in Ladakh led to a policy change concerning the Chinese vendors. This led to the Chinese vendors reducing their workforce in India. There were reports that Chinese gear maker Huawei slashed its workforce by as much as 60-70% last year.","seolocation":"telecomnews\/in-depth-making-sense-of-indias-telecoms-job-market","seolocationalt":"In-depth: Making sense of India\u2019s telecoms job market","url_seo":"in-depth-making-sense-of-indias-telecoms-job-market"},"85445788":{"msid":"85445788","stname":"Vodafone Idea lenders demand additional collateral on existing loans","artsyn":"\u201cLenders are worried over the recent ratings downgrade of the telco and are seeking changes in loan covenants with higher interest rates and top up on margin money and security against existing facilities,\u201d said a bank official who did not want to be named.","seolocation":"telecomnews\/vodafone-idea-lenders-demand-additional-collateral-on-existing-loans","seolocationalt":"Vodafone Idea lenders demand additional collateral on existing loans","url_seo":"vodafone-idea-lenders-demand-additional-collateral-on-existing-loans"},"85167855":{"msid":"85167855","stname":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","artsyn":"They instead pushed the Department of Telecommunications (DoT) to take steps to save the carrier, failing which the government would stand to lose a lot more than banks.","seolocation":"telecomnews\/converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot","seolocationalt":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","url_seo":"converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot"},"85044583":{"msid":"85044583","stname":"Banks to discuss next course of action on Vodafone Idea","artsyn":"According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore, out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.","seolocation":"telecomnews\/banks-to-discuss-next-course-of-action-on-vodafone-idea","seolocationalt":"Banks to discuss next course of action on Vodafone Idea","url_seo":"banks-to-discuss-next-course-of-action-on-vodafone-idea"},"84970344":{"msid":"84970344","stname":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","artsyn":"Prior to VIL, Khurana was Head of Sales Consulting for Asia Pacific & Japan with Oracle.","seolocation":"telecomnews\/vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal","seolocationalt":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","url_seo":"vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal"},"84861329":{"msid":"84861329","stname":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","artsyn":"The list of violators shared by Minister of State for Telecom Devusinh Chauhan includes C-DAC Noida, Icenet.net, Kappa Internet Services, Noida Software Technology Park and World Gate Network.","seolocation":"telecomnews\/airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt","seolocationalt":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","url_seo":"airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt"},"84812647":{"msid":"84812647","stname":"Government mulling long-term measures to boost health of stressed telecom sector","artsyn":"A critical step is a relook at the definition of AGR to exclude non-telecom items. This has been a longstanding battle between the government and telcos, which the DoT won in September 2019 in the Supreme Court.","seolocation":"telecomnews\/government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector","seolocationalt":"Government mulling long-term measures to boost health of stressed telecom sector","url_seo":"government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector"},"84780445":{"msid":"84780445","stname":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","artsyn":"At present, Vi owes the Department of Telecommunications more than Rs 1.5 lakh-crore by way of AGR and deferred spectrum payment dues.","seolocation":"telecomnews\/deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea","seolocationalt":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","url_seo":"deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea"}}}}" data-news-images="[{"msid":"82076980","msname":"telecom new","msnameseo":"telecom-new","mediatype":"1","artdate":"2021-03-23 21:50:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
赞助的故事
<\/a><\/div>Airtel refused to pay Videocon AGR dues: DoT<\/h4><\/a><\/div><\/a><\/div>Aircel may seek permission to sell non-spectrum assets<\/h4><\/a><\/div><\/div>
Kumar Saurabh Singh, partner at law firm Khaitan & Co, said NCLAT\u2019s reasoning may not stand ground in the SC, given how the insolvency rules work.
\u201cThe IBC does not make any distinction on treatment of a creditor supplying natural resource, neither does it treat government and private sector dues differently,\u201d Singh said. \u201cIn the waterfall arrangement, the interests of financial creditors are given precedence over the operational ones. We have seen in numerous cases where listed companies, being operational creditors have seen complete write off of their claims. There, too, public interest argument can be made,\u201d he said.
The appellate tribunal ruling will in any case delay the close of the resolution process, further eroding the value of Aircel's and RCom\u2019s assets, spectrum being the most valuable as the expiry date of the permit to use the airwaves comes closer, experts said.
According to the resolution plan approved by NCLT\u2019s Mumbai bench in June 2020, UVARCL was supposed to take over Aircel\u2019s assets, including spectrum, for Rs 6,630 crore, with lenders taking a haircut of 89% on total dues of Rs 58,670 crore. UVARCL was expecting to generate the biggest chunk of funds \u2014 Rs 800-1,300 crore \u2014 through the sale of spectrum in the 1800 MHz and 2100 MHz bands.
In the case of RCom, over 50 lenders were expecting Rs 20,000-23,000 crore from the sale of assets, including spectrum, against lenders\u2019 claims of Rs 57,382 crore. Under the plan cleared by lenders in March last year, RCom\u2019s fibre and spectrum is supposed to go to UVARCL and towers to Reliance Jio Infocomm. The tower part of the plan \u2013 under Reliance Infratel \u2013 has been cleared by NCLT, while RCom\u2019s resolution plan is yet to get the bankruptcy court\u2019s nod.
Videocon, however, said it is not impacted by the latest order.
Sandeep S Ladda, counsel representing Videocon and its founder Venugopal Dhoot, said NCLAT\u2019s order will not have any bearing on Videocon\u2019s resolution process as the company\u2019s spectrum was transferred to Airtel much prior to initiation of insolvency.
\u201cApprovals of lenders and no-objection certificate from the DoT was obtained and thereafter spectrum was transferred by DoT,\u201d he said. \u201cTherefore, spectrum won\u2019t be part of resolution plan and as per IB Code, any future liabilities that arise after the trade will be recovered as per sale contract or from remaining assets of Videocon and that will not stall the resolution process.\u201d
Airtel had recently declined DoT\u2019s demand to pay Videocon\u2019s dues, saying it wasn\u2019t liable.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"37.0","minfoseo":"37-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1618454837594","minfoseo":"1618454837594"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-687355747","minfoseo":"-687355747"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"NumberOfCharacters":{"minfo":"6344.0","minfoseo":"6344-0"},"NumberOfWords":{"minfo":"1028.0","minfoseo":"1028-0"},"key":{"0":{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"6354248","value":"videocon","smid":"0","keynameseo":"videocon","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"6368075","value":"RCom","smid":"0","keynameseo":"RCom","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"6354287","value":"bharti airtel","smid":"0","keynameseo":"bharti-airtel","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":[{"artau":"Saloni Shukla","aunameseo":"saloni-shukla","artauid":"479242889","artauemail":"saloni.shukla@timesgroup.com","auselfimageid":"479242889","auimageid":"00479242889","auimagelen":"22431","auFullName":"Saloni Shukla","pubname":"The Economic Times","designame":"Deputy Banking Editor","audetailsxml":{"authordetails":"Saloni Shukla has nearly 15 years of experience covering a range of issues in the financial services sector, real estate and investigative journalism. Her expertise lies in reporting on the boardroom drama inside our banks, corporate finance, fund raising, distressed assets and the policy actions by the Reserve Bank of India.","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"},{"artau":"Devina Sengupta","aunameseo":"devina-sengupta","artauid":"479252477","artauemail":"devinafake1@in.com","auselfimageid":"479252477","auimageid":"00479252477","auimagelen":"4566","auFullName":"Devina Sengupta","pubname":"ET","designame":"Assistant Editor","audetailsxml":{"authordetails":"I track the Telecom sector, tussles in India Inc's Business Houses and have reported on the Human Capital market for close to a decade. Now in the Telecom beat, I report on M&As, government policies, consumer behaviour and the legal battles involving investors, shareholders and companies. A degree in psychology and another one in journalism helps me break down a story and cover its impact from multiple perspectives. You can reach me on devina.sengupta@timesgroup.com and on Twitter - @DevinaET","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"autype":"GENERAL"},{"artau":"Himanshi Lohchab","aunameseo":"himanshi-lohchab","artauid":"479253129","artauemail":"himanshi.lohchab@timesgroup.com","auFullName":"Himanshi Lohchab","pubname":"ET","designame":"Journalist","audetailsxml":{"authordetails":[],"details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}]},"similarlytagged":[{"msid":"97251202","stname":"RCom: 2 units will sell properties, including DAKC","artsyn":"\u201c\u2026the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies\u2019) have vide their respective board resolutions approved initiation of sale process for certain properties owned by such selling companies\u2026these properties inter alia include the DAKC,\u201d RCom said in an exchange filing Monday.","seolocation":"telecomnews\/rcom-2-units-will-sell-properties-including-dakc","seolocationalt":"RCom: 2 units will sell properties, including DAKC","url_seo":"rcom-2-units-will-sell-properties-including-dakc"},{"msid":"96959404","stname":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","artsyn":"\u201cIn his new role, Amit will work closely with the CEO and the leadership team to drive all business aspects of the further evolution of the company. He will be responsible for business strategies, partnerships, marketing, monetization, growth, and Indian expansion at Web Werks,\u201d the data center firm said in a statement Friday.","seolocation":"telecomnews\/web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer","seolocationalt":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","url_seo":"web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer"},{"msid":"96915610","stname":"RCom CoC to meet on Thursday","artsyn":"The agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the matter were not answered at press time.","seolocation":"telecomnews\/rcom-coc-to-meet-on-thursday","seolocationalt":"RCom CoC to meet on Thursday","url_seo":"rcom-coc-to-meet-on-thursday"},{"msid":"96597244","stname":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","artsyn":"Citing deficiency in service, Commission President V C Premchandani and member Poonam V Maharshi noted in their order that the compensation will include Rs 25,000 towards mental harassment and Rs 10,000 towards the cost of litigation.","seolocation":"telecomnews\/reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number","seolocationalt":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","url_seo":"reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number"},{"msid":"96274265","stname":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","artsyn":"In November, RCom that housed Anil Ambani-owned Reliance Group\u2019s telecom business, had said that Axis Trustee Services Ltd. had told the telco of its intention to invoke and sell 100% of equity shares in GIDC to a third party.","seolocation":"telecomnews\/axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans","seolocationalt":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","url_seo":"axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans"},{"msid":"95718694","stname":"NCLT orders urgent implementation of Reliance Infratel resolution plan","artsyn":"As per the orders of the NCLT made public on Wednesday, the court allowed Jio\u2019s arm, Reliance Project and Property Management Services Ltd (RP&PMSL) to deposit Rs 3720 crore in a State Bank of India escrow account as part of the Reliance Infratel Ltd. (RITL) insolvency resolution plan.","seolocation":"telecomnews\/nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan","seolocationalt":"NCLT orders urgent implementation of Reliance Infratel resolution plan","url_seo":"nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan"},{"msid":"95453659","stname":"RCom unit sold to third party for non-repayment of loans","artsyn":"RCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.","seolocation":"telecomnews\/rcom-unit-sold-to-third-party-for-non-repayment-of-loans","seolocationalt":"RCom unit sold to third party for non-repayment of loans","url_seo":"rcom-unit-sold-to-third-party-for-non-repayment-of-loans"},{"msid":"94822982","stname":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","artsyn":"Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs exceeding \u20b91,000 crore, are eligible to submit bids in bankruptcy settings. The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.","seolocation":"telecomnews\/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal","seolocationalt":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","url_seo":"lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal"},{"msid":"92681340","stname":"\u200bRCom fails to attract buyers for non-core assets","artsyn":"These assets included land in Pune (871.1 sq metres) and Chennai (3.44 acres); offices in Chennai's Haddows Road and Bhubaneswar; and shares of Campion Properties Ltd and Reliance Realty.","seolocation":"telecomnews\/rcom-fails-to-attract-buyers-for-non-core-assets","seolocationalt":"\u200bRCom fails to attract buyers for non-core assets","url_seo":"rcom-fails-to-attract-buyers-for-non-core-assets"},{"msid":"90554911","stname":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","artsyn":"The fresh calculation shows AGR liability on Bharti Airtel was Rs 31,280 crore, Vodafone Idea Rs 59,236.63 crore, Reliance Jio Rs 631 crore, BSNL Rs 16,224 crore, MTNL Rs 5,009.1 crore up to financial year 2018-19.","seolocation":"telecomnews\/telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan","seolocationalt":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","url_seo":"telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan"},{"msid":"86787263","stname":"DoT to SC: Want to reconsider appeal against TDSAT ruling","artsyn":"A two-judge bench headed by Justice MR Shah set the next hearing for November 17, but told solicitor general Tushar Mehta that the government would need to \u201csatisfy\u201d the court, which will have to \u201cconsider the larger public interest.\u201d","seolocation":"telecomnews\/sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge","seolocationalt":"DoT to SC: Want to reconsider appeal against TDSAT ruling","url_seo":"sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge"},{"msid":"85477392","stname":"In-depth: Making sense of India\u2019s telecoms job market","artsyn":"Last year, post clashes between the Indian and Chinese forces in Ladakh led to a policy change concerning the Chinese vendors. This led to the Chinese vendors reducing their workforce in India. There were reports that Chinese gear maker Huawei slashed its workforce by as much as 60-70% last year.","seolocation":"telecomnews\/in-depth-making-sense-of-indias-telecoms-job-market","seolocationalt":"In-depth: Making sense of India\u2019s telecoms job market","url_seo":"in-depth-making-sense-of-indias-telecoms-job-market"},{"msid":"85445788","stname":"Vodafone Idea lenders demand additional collateral on existing loans","artsyn":"\u201cLenders are worried over the recent ratings downgrade of the telco and are seeking changes in loan covenants with higher interest rates and top up on margin money and security against existing facilities,\u201d said a bank official who did not want to be named.","seolocation":"telecomnews\/vodafone-idea-lenders-demand-additional-collateral-on-existing-loans","seolocationalt":"Vodafone Idea lenders demand additional collateral on existing loans","url_seo":"vodafone-idea-lenders-demand-additional-collateral-on-existing-loans"},{"msid":"85167855","stname":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","artsyn":"They instead pushed the Department of Telecommunications (DoT) to take steps to save the carrier, failing which the government would stand to lose a lot more than banks.","seolocation":"telecomnews\/converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot","seolocationalt":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","url_seo":"converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot"},{"msid":"85044583","stname":"Banks to discuss next course of action on Vodafone Idea","artsyn":"According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore, out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.","seolocation":"telecomnews\/banks-to-discuss-next-course-of-action-on-vodafone-idea","seolocationalt":"Banks to discuss next course of action on Vodafone Idea","url_seo":"banks-to-discuss-next-course-of-action-on-vodafone-idea"},{"msid":"84970344","stname":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","artsyn":"Prior to VIL, Khurana was Head of Sales Consulting for Asia Pacific & Japan with Oracle.","seolocation":"telecomnews\/vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal","seolocationalt":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","url_seo":"vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal"},{"msid":"84861329","stname":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","artsyn":"The list of violators shared by Minister of State for Telecom Devusinh Chauhan includes C-DAC Noida, Icenet.net, Kappa Internet Services, Noida Software Technology Park and World Gate Network.","seolocation":"telecomnews\/airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt","seolocationalt":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","url_seo":"airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt"},{"msid":"84812647","stname":"Government mulling long-term measures to boost health of stressed telecom sector","artsyn":"A critical step is a relook at the definition of AGR to exclude non-telecom items. This has been a longstanding battle between the government and telcos, which the DoT won in September 2019 in the Supreme Court.","seolocation":"telecomnews\/government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector","seolocationalt":"Government mulling long-term measures to boost health of stressed telecom sector","url_seo":"government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector"},{"msid":"84780445","stname":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","artsyn":"At present, Vi owes the Department of Telecommunications more than Rs 1.5 lakh-crore by way of AGR and deferred spectrum payment dues.","seolocation":"telecomnews\/deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea","seolocationalt":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","url_seo":"deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"6354248","value":"videocon","smid":"0","keynameseo":"videocon","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6368075","value":"RCom","smid":"0","keynameseo":"RCom","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354287","value":"bharti airtel","smid":"0","keynameseo":"bharti-airtel","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"National Company Law Tribunal"},{"name":"Reliance communications"},{"name":"Supreme Court"},{"name":"bharti airtel"},{"name":"telecom news"},{"name":"videocon"},{"name":"Industry"},{"name":"nclat"},{"name":"RCom"},{"name":"nclt"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["Reliance communications","videocon","telecom news","Supreme Court","RCom","nclt","nclat","National Company Law Tribunal","Industry","bharti airtel"],"filterTags":[]},"breadcrumbTags":["Reliance communications","videocon","telecom news","Supreme Court","RCom","nclt","nclat","National Company Law Tribunal","Industry","bharti airtel"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale\/82076968","associated":{"articles":{"97251202":{"msid":"97251202","stname":"RCom: 2 units will sell properties, including DAKC","artsyn":"\u201c\u2026the board of directors of two wholly owned RCom subsidiaries, RRL and CPL (referred to as `selling companies\u2019) have vide their respective board resolutions approved initiation of sale process for certain properties owned by such selling companies\u2026these properties inter alia include the DAKC,\u201d RCom said in an exchange filing Monday.","seolocation":"telecomnews\/rcom-2-units-will-sell-properties-including-dakc","seolocationalt":"RCom: 2 units will sell properties, including DAKC","url_seo":"rcom-2-units-will-sell-properties-including-dakc"},"96959404":{"msid":"96959404","stname":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","artsyn":"\u201cIn his new role, Amit will work closely with the CEO and the leadership team to drive all business aspects of the further evolution of the company. He will be responsible for business strategies, partnerships, marketing, monetization, growth, and Indian expansion at Web Werks,\u201d the data center firm said in a statement Friday.","seolocation":"telecomnews\/web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer","seolocationalt":"Web Werks appoints former Yotta executive Amit Agrawal as Chief Business Officer","url_seo":"web-werks-appoints-former-yotta-executive-amit-agrawal-as-chief-business-officer"},"96915610":{"msid":"96915610","stname":"RCom CoC to meet on Thursday","artsyn":"The agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the matter were not answered at press time.","seolocation":"telecomnews\/rcom-coc-to-meet-on-thursday","seolocationalt":"RCom CoC to meet on Thursday","url_seo":"rcom-coc-to-meet-on-thursday"},"96597244":{"msid":"96597244","stname":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","artsyn":"Citing deficiency in service, Commission President V C Premchandani and member Poonam V Maharshi noted in their order that the compensation will include Rs 25,000 towards mental harassment and Rs 10,000 towards the cost of litigation.","seolocation":"telecomnews\/reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number","seolocationalt":"Reliance Communications, gallery told to pay Rs 35,000 over abrupt disconnection of number","url_seo":"reliance-communications-gallery-told-to-pay-rs-35000-over-abrupt-disconnection-of-number"},"96274265":{"msid":"96274265","stname":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","artsyn":"In November, RCom that housed Anil Ambani-owned Reliance Group\u2019s telecom business, had said that Axis Trustee Services Ltd. had told the telco of its intention to invoke and sell 100% of equity shares in GIDC to a third party.","seolocation":"telecomnews\/axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans","seolocationalt":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","url_seo":"axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans"},"95718694":{"msid":"95718694","stname":"NCLT orders urgent implementation of Reliance Infratel resolution plan","artsyn":"As per the orders of the NCLT made public on Wednesday, the court allowed Jio\u2019s arm, Reliance Project and Property Management Services Ltd (RP&PMSL) to deposit Rs 3720 crore in a State Bank of India escrow account as part of the Reliance Infratel Ltd. (RITL) insolvency resolution plan.","seolocation":"telecomnews\/nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan","seolocationalt":"NCLT orders urgent implementation of Reliance Infratel resolution plan","url_seo":"nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan"},"95453659":{"msid":"95453659","stname":"RCom unit sold to third party for non-repayment of loans","artsyn":"RCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.","seolocation":"telecomnews\/rcom-unit-sold-to-third-party-for-non-repayment-of-loans","seolocationalt":"RCom unit sold to third party for non-repayment of loans","url_seo":"rcom-unit-sold-to-third-party-for-non-repayment-of-loans"},"94822982":{"msid":"94822982","stname":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","artsyn":"Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs exceeding \u20b91,000 crore, are eligible to submit bids in bankruptcy settings. The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},"93626971":{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.","seolocation":"telecomnews\/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal","seolocationalt":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","url_seo":"lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal"},"92681340":{"msid":"92681340","stname":"\u200bRCom fails to attract buyers for non-core assets","artsyn":"These assets included land in Pune (871.1 sq metres) and Chennai (3.44 acres); offices in Chennai's Haddows Road and Bhubaneswar; and shares of Campion Properties Ltd and Reliance Realty.","seolocation":"telecomnews\/rcom-fails-to-attract-buyers-for-non-core-assets","seolocationalt":"\u200bRCom fails to attract buyers for non-core assets","url_seo":"rcom-fails-to-attract-buyers-for-non-core-assets"},"90554911":{"msid":"90554911","stname":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","artsyn":"The fresh calculation shows AGR liability on Bharti Airtel was Rs 31,280 crore, Vodafone Idea Rs 59,236.63 crore, Reliance Jio Rs 631 crore, BSNL Rs 16,224 crore, MTNL Rs 5,009.1 crore up to financial year 2018-19.","seolocation":"telecomnews\/telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan","seolocationalt":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","url_seo":"telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan"},"86787263":{"msid":"86787263","stname":"DoT to SC: Want to reconsider appeal against TDSAT ruling","artsyn":"A two-judge bench headed by Justice MR Shah set the next hearing for November 17, but told solicitor general Tushar Mehta that the government would need to \u201csatisfy\u201d the court, which will have to \u201cconsider the larger public interest.\u201d","seolocation":"telecomnews\/sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge","seolocationalt":"DoT to SC: Want to reconsider appeal against TDSAT ruling","url_seo":"sc-grants-time-to-centre-to-reconsider-decision-to-pursue-rs-40000-crore-spectrum-usage-charge"},"85477392":{"msid":"85477392","stname":"In-depth: Making sense of India\u2019s telecoms job market","artsyn":"Last year, post clashes between the Indian and Chinese forces in Ladakh led to a policy change concerning the Chinese vendors. This led to the Chinese vendors reducing their workforce in India. There were reports that Chinese gear maker Huawei slashed its workforce by as much as 60-70% last year.","seolocation":"telecomnews\/in-depth-making-sense-of-indias-telecoms-job-market","seolocationalt":"In-depth: Making sense of India\u2019s telecoms job market","url_seo":"in-depth-making-sense-of-indias-telecoms-job-market"},"85445788":{"msid":"85445788","stname":"Vodafone Idea lenders demand additional collateral on existing loans","artsyn":"\u201cLenders are worried over the recent ratings downgrade of the telco and are seeking changes in loan covenants with higher interest rates and top up on margin money and security against existing facilities,\u201d said a bank official who did not want to be named.","seolocation":"telecomnews\/vodafone-idea-lenders-demand-additional-collateral-on-existing-loans","seolocationalt":"Vodafone Idea lenders demand additional collateral on existing loans","url_seo":"vodafone-idea-lenders-demand-additional-collateral-on-existing-loans"},"85167855":{"msid":"85167855","stname":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","artsyn":"They instead pushed the Department of Telecommunications (DoT) to take steps to save the carrier, failing which the government would stand to lose a lot more than banks.","seolocation":"telecomnews\/converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot","seolocationalt":"Converting debt to equity is one option to save Vodafone Idea, lenders tell DoT","url_seo":"converting-debt-to-equity-is-one-option-to-save-vodafone-idea-lenders-tell-dot"},"85044583":{"msid":"85044583","stname":"Banks to discuss next course of action on Vodafone Idea","artsyn":"According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore, out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.","seolocation":"telecomnews\/banks-to-discuss-next-course-of-action-on-vodafone-idea","seolocationalt":"Banks to discuss next course of action on Vodafone Idea","url_seo":"banks-to-discuss-next-course-of-action-on-vodafone-idea"},"84970344":{"msid":"84970344","stname":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","artsyn":"Prior to VIL, Khurana was Head of Sales Consulting for Asia Pacific & Japan with Oracle.","seolocation":"telecomnews\/vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal","seolocationalt":"Vodafone Idea names Gulshan Khurana as EVP - Tranmission and Core, replaces Mudit Agarwal","url_seo":"vodafone-idea-names-gulshan-khurana-as-evp-tranmission-and-core-replaces-mudit-agarwal"},"84861329":{"msid":"84861329","stname":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","artsyn":"The list of violators shared by Minister of State for Telecom Devusinh Chauhan includes C-DAC Noida, Icenet.net, Kappa Internet Services, Noida Software Technology Park and World Gate Network.","seolocation":"telecomnews\/airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt","seolocationalt":"Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt","url_seo":"airtel-tata-communications-rcom-railtel-among-34-firms-found-violating-internet-services-licence-rules-govt"},"84812647":{"msid":"84812647","stname":"Government mulling long-term measures to boost health of stressed telecom sector","artsyn":"A critical step is a relook at the definition of AGR to exclude non-telecom items. This has been a longstanding battle between the government and telcos, which the DoT won in September 2019 in the Supreme Court.","seolocation":"telecomnews\/government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector","seolocationalt":"Government mulling long-term measures to boost health of stressed telecom sector","url_seo":"government-mulling-long-term-measures-to-boost-health-of-stressed-telecom-sector"},"84780445":{"msid":"84780445","stname":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","artsyn":"At present, Vi owes the Department of Telecommunications more than Rs 1.5 lakh-crore by way of AGR and deferred spectrum payment dues.","seolocation":"telecomnews\/deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea","seolocationalt":"Deutsche Bank suggests merger with BSNL to save Vodafone Idea","url_seo":"deutsche-bank-suggests-merger-with-bsnl-to-save-vodafone-idea"}}}}" data-news-images="[{"msid":"82076980","msname":"telecom new","msnameseo":"telecom-new","mediatype":"1","artdate":"2021-03-23 21:50:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
赞助的故事
<\/a><\/div>
