![\"\"](\"\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The Department of Telecommunications alleged that Aircel<\/a>’s resolution blueprint is a “liquidation plan” not aimed at reviving the bankrupt telco and includes the transfer of spectrum, which the government has yet to approve. A decision on spectrum will likely affect Reliance Communications<\/a> (RCom), another bankrupt telco.
The National Company Law Tribunal allowed UV Asset Reconstruction Company Ltd. (UVARCL) in June to take over Aircel’s business as a going concern and run smaller units such as the bulk SMS and enterprise divisions. The rest of the assets, including spectrum, were to be sold, with the money going to lenders.
“It is submitted that the resolution plan in respect of Aircel Group, which was approved by… NCLT<\/a>... is bad in law and contrary to the licence agreement and NIA conditions,” DoT<\/a> said in an affidavit filed in the adjusted gross revenue case in the Supreme Court. NIA, or notice inviting applications, is the document that contains rules pertaining to auctioned spectrum.
The telecom department alleged that UVARCL’s plan is “a liquidation plan, wherein the assets and other property is being sold to pay off the financial creditors to the peril of the operational creditors.”
Selling the entire business of corporate data is “against the object of the code of revival,” DoT<\/a> said.
DoT has claimed dues of Rs 14,000 crore from Aircel as an operational creditor, and AGR dues of Rs 12,389 crore, along with unpaid instalments for the right to use spectrum. It has now refused to allow the sale of spectrum, which is key to Aircel’s resolution plan and will have a bearing on the resolution plan of RCom. UVARCL aims to buy RCom’s spectrum assets as well.
“The resolution plan (of Aircel) seeks to transfer the licence and spectrum, without seeking approval of the licensor or DoT, which is contrary to the licence agreement,” the department said in the affidavit reviewed by ET.
It said the “one-sided” resolution plan favoured applicant UVARCL.
“Resolution plan entirely hinges upon spelling selling the spectrum to a prospective buyer and the resolution applicant has no intention to provide telecom services for which the licence has been granted to the corporate debtor,” said DoT.
Read also<\/h4><\/a><\/figure>Top court questions spectrum sale by bankrupt telcos like RCom, Aircel<\/a><\/h5><\/div><\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
<\/body>","next_sibling":[{"msid":77616105,"title":"Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence-could-add-450-500-billion-to-gdp-by-2025-nasscom\/77616105","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"56516040","title":"Here are the best recharge offers by Airtel, Vodafone, Idea, BSNL & Aircel","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel","category_name":"Slide-Shows","synopsis":false,"thumb":false,"link":"\/slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel\/56516040"}],"msid":77618576,"entity_type":"ARTICLE","title":"DoT challenges NCLT nod to Aircel resolution plan","synopsis":"The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court\u2019s approval of Aircel's resolution plan.","titleseo":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}},{"author_name":"Samanwaya Rautray","author_link":"\/author\/479228156\/samanwaya-rautray","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479228156.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479228156,"author_name":"Samanwaya Rautray","author_seo_name":"samanwaya-rautray","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1936,"shares":0,"engagementtimems":6630000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-18 22:13:32","lastupd":"2020-08-18 22:13:32","breadcrumbTags":["aircel","DoT","aircel resolution plan","Mukesh Ambani","Reliance communications","nclt","telecom news","policy","Aircel news"],"secinfo":{"seolocation":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan"}}" data-authors="[" devina sengupta","himanshi lohchab","samanwaya rautray"]" data-category-name="" data-category_id="" data-date="2020-08-18" data-index="article_1">
孟买和新德里:电信部门已经国家公司法上诉法庭挑战破产法庭批准Aircel的决议计划。
电信部门声称Aircel蓝图的决议是“清算计划”不是旨在重振破产电信和包括频谱的转移,政府尚未批准。决定光谱可能会影响信实电信(RCom),另一个破产电信。
国家公司法法庭允许紫外线资产重建有限公司(UVARCL) 6月接管Aircel作为持续经营的业务和运行大部分短信等规模较小的单位和企业部门。剩余的资产,包括光谱,出售,将银行的钱。
“这提交该决议计划的Aircel集团批准的…NCLT…是坏的法律和许可协议和NIA条件相反,”点在书面证词中说调整总收入最高法院。NIA、邀请或通知应用程序的文档,其中包含有关频谱拍卖规则。
电信部门声称UVARCL的计划是“一个清算计划,其中资产和其他财产被卖给债权人偿还金融操作债权人的危险。”
出售整个公司数据业务”的对象代码的复兴,“点说。
点声称会费14000卢比的Aircel作为操作债权人,AGR费12389卢比,随着频谱使用权无偿分期付款。现在不允许销售的光谱,Aircel决议计划的关键,可能会影响到信实电信的决议计划。UVARCL旨在购买RCom频谱的资产。
“决议计划(Aircel)寻求转让许可证和频谱,没有寻求批准,许可方或点,这是违反许可协议,”国务院在看过的证词等。
它说,“一边倒”的决议计划支持申请人UVARCL。
“决议计划完全取决于拼写频谱出售给潜在买家和决议申请人无意提供电信服务的许可证被授予企业债务人,“说点。
政府已进行了长期的斗争在电波对Aircel和信实电信的所有权。下的电信公司破产的债务26000卢比,46000卢比,分别。
点在证词中说,它一直要求支付RCom AGR spectrum-related费。通知5月决议专业,如果费有关递延频谱拍卖分期付款没有支付,那么它的光谱/许可证应被终止。
信实电信频谱的递延负债购买2014 - 2016之间1597 .68点卢比,直到10月30日,2019年。信实电信的AGR费25199 .27卢比。
根据法律专家,UVARCL将在赌一个明确的赢家电信运营商在负债累累的行业当大多数投资者对电信公司持谨慎态度。
“UVARCL是逆势而动的大规模收购Aircel现在RCom,“Sonam Chandwani说,KS的管理合伙人法律& Associates。“当前低估RCom描绘了一幅贬义的照片与内在价值的公司。因此,UVARCL可以选择出售套现的信实电信的频谱,Jio站作为一个有前途的买家过去尝试投掷穆凯什•安巴尼的依赖Jio法律纠葛。”
<\/span><\/figcaption><\/figure>Mumbai\/New Delhi: The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court’s approval of Aircel<\/a>'s resolution plan.
The Department of Telecommunications alleged that Aircel<\/a>’s resolution blueprint is a “liquidation plan” not aimed at reviving the bankrupt telco and includes the transfer of spectrum, which the government has yet to approve. A decision on spectrum will likely affect Reliance Communications<\/a> (RCom), another bankrupt telco.
The National Company Law Tribunal allowed UV Asset Reconstruction Company Ltd. (UVARCL) in June to take over Aircel’s business as a going concern and run smaller units such as the bulk SMS and enterprise divisions. The rest of the assets, including spectrum, were to be sold, with the money going to lenders.
“It is submitted that the resolution plan in respect of Aircel Group, which was approved by… NCLT<\/a>... is bad in law and contrary to the licence agreement and NIA conditions,” DoT<\/a> said in an affidavit filed in the adjusted gross revenue case in the Supreme Court. NIA, or notice inviting applications, is the document that contains rules pertaining to auctioned spectrum.
The telecom department alleged that UVARCL’s plan is “a liquidation plan, wherein the assets and other property is being sold to pay off the financial creditors to the peril of the operational creditors.”
Selling the entire business of corporate data is “against the object of the code of revival,” DoT<\/a> said.
DoT has claimed dues of Rs 14,000 crore from Aircel as an operational creditor, and AGR dues of Rs 12,389 crore, along with unpaid instalments for the right to use spectrum. It has now refused to allow the sale of spectrum, which is key to Aircel’s resolution plan and will have a bearing on the resolution plan of RCom. UVARCL aims to buy RCom’s spectrum assets as well.
“The resolution plan (of Aircel) seeks to transfer the licence and spectrum, without seeking approval of the licensor or DoT, which is contrary to the licence agreement,” the department said in the affidavit reviewed by ET.
It said the “one-sided” resolution plan favoured applicant UVARCL.
“Resolution plan entirely hinges upon spelling selling the spectrum to a prospective buyer and the resolution applicant has no intention to provide telecom services for which the licence has been granted to the corporate debtor,” said DoT.
Read also<\/h4><\/a><\/figure>Top court questions spectrum sale by bankrupt telcos like RCom, Aircel<\/a><\/h5><\/div><\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
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<\/a><\/figure>Top court questions spectrum sale by bankrupt telcos like RCom, Aircel<\/a><\/h5><\/div><\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
<\/body>","next_sibling":[{"msid":77616105,"title":"Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence-could-add-450-500-billion-to-gdp-by-2025-nasscom\/77616105","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"56516040","title":"Here are the best recharge offers by Airtel, Vodafone, Idea, BSNL & Aircel","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel","category_name":"Slide-Shows","synopsis":false,"thumb":false,"link":"\/slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel\/56516040"}],"msid":77618576,"entity_type":"ARTICLE","title":"DoT challenges NCLT nod to Aircel resolution plan","synopsis":"The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court\u2019s approval of Aircel's resolution plan.","titleseo":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}},{"author_name":"Samanwaya Rautray","author_link":"\/author\/479228156\/samanwaya-rautray","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479228156.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479228156,"author_name":"Samanwaya Rautray","author_seo_name":"samanwaya-rautray","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1936,"shares":0,"engagementtimems":6630000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-18 22:13:32","lastupd":"2020-08-18 22:13:32","breadcrumbTags":["aircel","DoT","aircel resolution plan","Mukesh Ambani","Reliance communications","nclt","telecom news","policy","Aircel news"],"secinfo":{"seolocation":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan"}}" data-authors="[" devina sengupta","himanshi lohchab","samanwaya rautray"]" data-category-name="" data-category_id="" data-date="2020-08-18" data-index="article_1">
孟买和新德里:电信部门已经国家公司法上诉法庭挑战破产法庭批准Aircel的决议计划。
电信部门声称Aircel蓝图的决议是“清算计划”不是旨在重振破产电信和包括频谱的转移,政府尚未批准。决定光谱可能会影响信实电信(RCom),另一个破产电信。
国家公司法法庭允许紫外线资产重建有限公司(UVARCL) 6月接管Aircel作为持续经营的业务和运行大部分短信等规模较小的单位和企业部门。剩余的资产,包括光谱,出售,将银行的钱。
“这提交该决议计划的Aircel集团批准的…NCLT…是坏的法律和许可协议和NIA条件相反,”点在书面证词中说调整总收入最高法院。NIA、邀请或通知应用程序的文档,其中包含有关频谱拍卖规则。
电信部门声称UVARCL的计划是“一个清算计划,其中资产和其他财产被卖给债权人偿还金融操作债权人的危险。”
出售整个公司数据业务”的对象代码的复兴,“点说。
点声称会费14000卢比的Aircel作为操作债权人,AGR费12389卢比,随着频谱使用权无偿分期付款。现在不允许销售的光谱,Aircel决议计划的关键,可能会影响到信实电信的决议计划。UVARCL旨在购买RCom频谱的资产。
“决议计划(Aircel)寻求转让许可证和频谱,没有寻求批准,许可方或点,这是违反许可协议,”国务院在看过的证词等。
它说,“一边倒”的决议计划支持申请人UVARCL。
“决议计划完全取决于拼写频谱出售给潜在买家和决议申请人无意提供电信服务的许可证被授予企业债务人,“说点。
政府已进行了长期的斗争在电波对Aircel和信实电信的所有权。下的电信公司破产的债务26000卢比,46000卢比,分别。
点在证词中说,它一直要求支付RCom AGR spectrum-related费。通知5月决议专业,如果费有关递延频谱拍卖分期付款没有支付,那么它的光谱/许可证应被终止。
信实电信频谱的递延负债购买2014 - 2016之间1597 .68点卢比,直到10月30日,2019年。信实电信的AGR费25199 .27卢比。
根据法律专家,UVARCL将在赌一个明确的赢家电信运营商在负债累累的行业当大多数投资者对电信公司持谨慎态度。
“UVARCL是逆势而动的大规模收购Aircel现在RCom,“Sonam Chandwani说,KS的管理合伙人法律& Associates。“当前低估RCom描绘了一幅贬义的照片与内在价值的公司。因此,UVARCL可以选择出售套现的信实电信的频谱,Jio站作为一个有前途的买家过去尝试投掷穆凯什•安巴尼的依赖Jio法律纠葛。”
<\/span><\/figcaption><\/figure>Mumbai\/New Delhi: The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court’s approval of Aircel<\/a>'s resolution plan.
The Department of Telecommunications alleged that Aircel<\/a>’s resolution blueprint is a “liquidation plan” not aimed at reviving the bankrupt telco and includes the transfer of spectrum, which the government has yet to approve. A decision on spectrum will likely affect Reliance Communications<\/a> (RCom), another bankrupt telco.
The National Company Law Tribunal allowed UV Asset Reconstruction Company Ltd. (UVARCL) in June to take over Aircel’s business as a going concern and run smaller units such as the bulk SMS and enterprise divisions. The rest of the assets, including spectrum, were to be sold, with the money going to lenders.
“It is submitted that the resolution plan in respect of Aircel Group, which was approved by… NCLT<\/a>... is bad in law and contrary to the licence agreement and NIA conditions,” DoT<\/a> said in an affidavit filed in the adjusted gross revenue case in the Supreme Court. NIA, or notice inviting applications, is the document that contains rules pertaining to auctioned spectrum.
The telecom department alleged that UVARCL’s plan is “a liquidation plan, wherein the assets and other property is being sold to pay off the financial creditors to the peril of the operational creditors.”
Selling the entire business of corporate data is “against the object of the code of revival,” DoT<\/a> said.
DoT has claimed dues of Rs 14,000 crore from Aircel as an operational creditor, and AGR dues of Rs 12,389 crore, along with unpaid instalments for the right to use spectrum. It has now refused to allow the sale of spectrum, which is key to Aircel’s resolution plan and will have a bearing on the resolution plan of RCom. UVARCL aims to buy RCom’s spectrum assets as well.
“The resolution plan (of Aircel) seeks to transfer the licence and spectrum, without seeking approval of the licensor or DoT, which is contrary to the licence agreement,” the department said in the affidavit reviewed by ET.
It said the “one-sided” resolution plan favoured applicant UVARCL.
“Resolution plan entirely hinges upon spelling selling the spectrum to a prospective buyer and the resolution applicant has no intention to provide telecom services for which the licence has been granted to the corporate debtor,” said DoT.
Read also<\/h4><\/a><\/figure>Top court questions spectrum sale by bankrupt telcos like RCom, Aircel<\/a><\/h5><\/div><\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
<\/body>","next_sibling":[{"msid":77616105,"title":"Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence-could-add-450-500-billion-to-gdp-by-2025-nasscom\/77616105","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"56516040","title":"Here are the best recharge offers by Airtel, Vodafone, Idea, BSNL & Aircel","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel","category_name":"Slide-Shows","synopsis":false,"thumb":false,"link":"\/slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel\/56516040"}],"msid":77618576,"entity_type":"ARTICLE","title":"DoT challenges NCLT nod to Aircel resolution plan","synopsis":"The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court\u2019s approval of Aircel's resolution plan.","titleseo":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}},{"author_name":"Samanwaya Rautray","author_link":"\/author\/479228156\/samanwaya-rautray","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479228156.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479228156,"author_name":"Samanwaya Rautray","author_seo_name":"samanwaya-rautray","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1936,"shares":0,"engagementtimems":6630000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-18 22:13:32","lastupd":"2020-08-18 22:13:32","breadcrumbTags":["aircel","DoT","aircel resolution plan","Mukesh Ambani","Reliance communications","nclt","telecom news","policy","Aircel news"],"secinfo":{"seolocation":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan"}}" data-news_link="//www.iser-br.com/news/dot-challenges-nclt-nod-to-aircel-resolution-plan/77618576">
<\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
<\/body>","next_sibling":[{"msid":77616105,"title":"Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence-could-add-450-500-billion-to-gdp-by-2025-nasscom\/77616105","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"56516040","title":"Here are the best recharge offers by Airtel, Vodafone, Idea, BSNL & Aircel","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel","category_name":"Slide-Shows","synopsis":false,"thumb":false,"link":"\/slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel\/56516040"}],"msid":77618576,"entity_type":"ARTICLE","title":"DoT challenges NCLT nod to Aircel resolution plan","synopsis":"The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court\u2019s approval of Aircel's resolution plan.","titleseo":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}},{"author_name":"Samanwaya Rautray","author_link":"\/author\/479228156\/samanwaya-rautray","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479228156.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479228156,"author_name":"Samanwaya Rautray","author_seo_name":"samanwaya-rautray","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1936,"shares":0,"engagementtimems":6630000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-18 22:13:32","lastupd":"2020-08-18 22:13:32","breadcrumbTags":["aircel","DoT","aircel resolution plan","Mukesh Ambani","Reliance communications","nclt","telecom news","policy","Aircel news"],"secinfo":{"seolocation":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan"}}" data-authors="[" devina sengupta","himanshi lohchab","samanwaya rautray"]" data-category-name="" data-category_id="" data-date="2020-08-18" data-index="article_1">
孟买和新德里:电信部门已经国家公司法上诉法庭挑战破产法庭批准Aircel的决议计划。
电信部门声称Aircel蓝图的决议是“清算计划”不是旨在重振破产电信和包括频谱的转移,政府尚未批准。决定光谱可能会影响信实电信(RCom),另一个破产电信。
国家公司法法庭允许紫外线资产重建有限公司(UVARCL) 6月接管Aircel作为持续经营的业务和运行大部分短信等规模较小的单位和企业部门。剩余的资产,包括光谱,出售,将银行的钱。
“这提交该决议计划的Aircel集团批准的…NCLT…是坏的法律和许可协议和NIA条件相反,”点在书面证词中说调整总收入最高法院。NIA、邀请或通知应用程序的文档,其中包含有关频谱拍卖规则。
电信部门声称UVARCL的计划是“一个清算计划,其中资产和其他财产被卖给债权人偿还金融操作债权人的危险。”
出售整个公司数据业务”的对象代码的复兴,“点说。
点声称会费14000卢比的Aircel作为操作债权人,AGR费12389卢比,随着频谱使用权无偿分期付款。现在不允许销售的光谱,Aircel决议计划的关键,可能会影响到信实电信的决议计划。UVARCL旨在购买RCom频谱的资产。
“决议计划(Aircel)寻求转让许可证和频谱,没有寻求批准,许可方或点,这是违反许可协议,”国务院在看过的证词等。
它说,“一边倒”的决议计划支持申请人UVARCL。
“决议计划完全取决于拼写频谱出售给潜在买家和决议申请人无意提供电信服务的许可证被授予企业债务人,“说点。
政府已进行了长期的斗争在电波对Aircel和信实电信的所有权。下的电信公司破产的债务26000卢比,46000卢比,分别。
点在证词中说,它一直要求支付RCom AGR spectrum-related费。通知5月决议专业,如果费有关递延频谱拍卖分期付款没有支付,那么它的光谱/许可证应被终止。
信实电信频谱的递延负债购买2014 - 2016之间1597 .68点卢比,直到10月30日,2019年。信实电信的AGR费25199 .27卢比。
根据法律专家,UVARCL将在赌一个明确的赢家电信运营商在负债累累的行业当大多数投资者对电信公司持谨慎态度。
“UVARCL是逆势而动的大规模收购Aircel现在RCom,“Sonam Chandwani说,KS的管理合伙人法律& Associates。“当前低估RCom描绘了一幅贬义的照片与内在价值的公司。因此,UVARCL可以选择出售套现的信实电信的频谱,Jio站作为一个有前途的买家过去尝试投掷穆凯什•安巴尼的依赖Jio法律纠葛。”
<\/span><\/figcaption><\/figure>Mumbai\/New Delhi: The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court’s approval of Aircel<\/a>'s resolution plan.
The Department of Telecommunications alleged that Aircel<\/a>’s resolution blueprint is a “liquidation plan” not aimed at reviving the bankrupt telco and includes the transfer of spectrum, which the government has yet to approve. A decision on spectrum will likely affect Reliance Communications<\/a> (RCom), another bankrupt telco.
The National Company Law Tribunal allowed UV Asset Reconstruction Company Ltd. (UVARCL) in June to take over Aircel’s business as a going concern and run smaller units such as the bulk SMS and enterprise divisions. The rest of the assets, including spectrum, were to be sold, with the money going to lenders.
“It is submitted that the resolution plan in respect of Aircel Group, which was approved by… NCLT<\/a>... is bad in law and contrary to the licence agreement and NIA conditions,” DoT<\/a> said in an affidavit filed in the adjusted gross revenue case in the Supreme Court. NIA, or notice inviting applications, is the document that contains rules pertaining to auctioned spectrum.
The telecom department alleged that UVARCL’s plan is “a liquidation plan, wherein the assets and other property is being sold to pay off the financial creditors to the peril of the operational creditors.”
Selling the entire business of corporate data is “against the object of the code of revival,” DoT<\/a> said.
DoT has claimed dues of Rs 14,000 crore from Aircel as an operational creditor, and AGR dues of Rs 12,389 crore, along with unpaid instalments for the right to use spectrum. It has now refused to allow the sale of spectrum, which is key to Aircel’s resolution plan and will have a bearing on the resolution plan of RCom. UVARCL aims to buy RCom’s spectrum assets as well.
“The resolution plan (of Aircel) seeks to transfer the licence and spectrum, without seeking approval of the licensor or DoT, which is contrary to the licence agreement,” the department said in the affidavit reviewed by ET.
It said the “one-sided” resolution plan favoured applicant UVARCL.
“Resolution plan entirely hinges upon spelling selling the spectrum to a prospective buyer and the resolution applicant has no intention to provide telecom services for which the licence has been granted to the corporate debtor,” said DoT.
Read also<\/h4><\/a><\/figure>Top court questions spectrum sale by bankrupt telcos like RCom, Aircel<\/a><\/h5><\/div><\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
<\/body>","next_sibling":[{"msid":77616105,"title":"Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence-could-add-450-500-billion-to-gdp-by-2025-nasscom\/77616105","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"56516040","title":"Here are the best recharge offers by Airtel, Vodafone, Idea, BSNL & Aircel","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel","category_name":"Slide-Shows","synopsis":false,"thumb":false,"link":"\/slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel\/56516040"}],"msid":77618576,"entity_type":"ARTICLE","title":"DoT challenges NCLT nod to Aircel resolution plan","synopsis":"The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court\u2019s approval of Aircel's resolution plan.","titleseo":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}},{"author_name":"Samanwaya Rautray","author_link":"\/author\/479228156\/samanwaya-rautray","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479228156.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479228156,"author_name":"Samanwaya Rautray","author_seo_name":"samanwaya-rautray","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1936,"shares":0,"engagementtimems":6630000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-18 22:13:32","lastupd":"2020-08-18 22:13:32","breadcrumbTags":["aircel","DoT","aircel resolution plan","Mukesh Ambani","Reliance communications","nclt","telecom news","policy","Aircel news"],"secinfo":{"seolocation":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan"}}" data-news_link="//www.iser-br.com/news/dot-challenges-nclt-nod-to-aircel-resolution-plan/77618576">
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电信部门声称Aircel蓝图的决议是“清算计划”不是旨在重振破产电信和包括频谱的转移,政府尚未批准。决定光谱可能会影响信实电信(RCom),另一个破产电信。
国家公司法法庭允许紫外线资产重建有限公司(UVARCL) 6月接管Aircel作为持续经营的业务和运行大部分短信等规模较小的单位和企业部门。剩余的资产,包括光谱,出售,将银行的钱。
“这提交该决议计划的Aircel集团批准的…NCLT…是坏的法律和许可协议和NIA条件相反,”点在书面证词中说调整总收入最高法院。NIA、邀请或通知应用程序的文档,其中包含有关频谱拍卖规则。
电信部门声称UVARCL的计划是“一个清算计划,其中资产和其他财产被卖给债权人偿还金融操作债权人的危险。”
出售整个公司数据业务”的对象代码的复兴,“点说。
点声称会费14000卢比的Aircel作为操作债权人,AGR费12389卢比,随着频谱使用权无偿分期付款。现在不允许销售的光谱,Aircel决议计划的关键,可能会影响到信实电信的决议计划。UVARCL旨在购买RCom频谱的资产。
“决议计划(Aircel)寻求转让许可证和频谱,没有寻求批准,许可方或点,这是违反许可协议,”国务院在看过的证词等。
它说,“一边倒”的决议计划支持申请人UVARCL。
“决议计划完全取决于拼写频谱出售给潜在买家和决议申请人无意提供电信服务的许可证被授予企业债务人,“说点。
政府已进行了长期的斗争在电波对Aircel和信实电信的所有权。下的电信公司破产的债务26000卢比,46000卢比,分别。
点在证词中说,它一直要求支付RCom AGR spectrum-related费。通知5月决议专业,如果费有关递延频谱拍卖分期付款没有支付,那么它的光谱/许可证应被终止。
信实电信频谱的递延负债购买2014 - 2016之间1597 .68点卢比,直到10月30日,2019年。信实电信的AGR费25199 .27卢比。
根据法律专家,UVARCL将在赌一个明确的赢家电信运营商在负债累累的行业当大多数投资者对电信公司持谨慎态度。
“UVARCL是逆势而动的大规模收购Aircel现在RCom,“Sonam Chandwani说,KS的管理合伙人法律& Associates。“当前低估RCom描绘了一幅贬义的照片与内在价值的公司。因此,UVARCL可以选择出售套现的信实电信的频谱,Jio站作为一个有前途的买家过去尝试投掷穆凯什•安巴尼的依赖Jio法律纠葛。”
The Department of Telecommunications alleged that Aircel<\/a>’s resolution blueprint is a “liquidation plan” not aimed at reviving the bankrupt telco and includes the transfer of spectrum, which the government has yet to approve. A decision on spectrum will likely affect Reliance Communications<\/a> (RCom), another bankrupt telco.
The National Company Law Tribunal allowed UV Asset Reconstruction Company Ltd. (UVARCL) in June to take over Aircel’s business as a going concern and run smaller units such as the bulk SMS and enterprise divisions. The rest of the assets, including spectrum, were to be sold, with the money going to lenders.
“It is submitted that the resolution plan in respect of Aircel Group, which was approved by… NCLT<\/a>... is bad in law and contrary to the licence agreement and NIA conditions,” DoT<\/a> said in an affidavit filed in the adjusted gross revenue case in the Supreme Court. NIA, or notice inviting applications, is the document that contains rules pertaining to auctioned spectrum.
The telecom department alleged that UVARCL’s plan is “a liquidation plan, wherein the assets and other property is being sold to pay off the financial creditors to the peril of the operational creditors.”
Selling the entire business of corporate data is “against the object of the code of revival,” DoT<\/a> said.
DoT has claimed dues of Rs 14,000 crore from Aircel as an operational creditor, and AGR dues of Rs 12,389 crore, along with unpaid instalments for the right to use spectrum. It has now refused to allow the sale of spectrum, which is key to Aircel’s resolution plan and will have a bearing on the resolution plan of RCom. UVARCL aims to buy RCom’s spectrum assets as well.
“The resolution plan (of Aircel) seeks to transfer the licence and spectrum, without seeking approval of the licensor or DoT, which is contrary to the licence agreement,” the department said in the affidavit reviewed by ET.
It said the “one-sided” resolution plan favoured applicant UVARCL.
“Resolution plan entirely hinges upon spelling selling the spectrum to a prospective buyer and the resolution applicant has no intention to provide telecom services for which the licence has been granted to the corporate debtor,” said DoT.
Read also<\/h4><\/a><\/figure>Top court questions spectrum sale by bankrupt telcos like RCom, Aircel<\/a><\/h5><\/div><\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
<\/body>","next_sibling":[{"msid":77616105,"title":"Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence-could-add-450-500-billion-to-gdp-by-2025-nasscom\/77616105","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"56516040","title":"Here are the best recharge offers by Airtel, Vodafone, Idea, BSNL & Aircel","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel","category_name":"Slide-Shows","synopsis":false,"thumb":false,"link":"\/slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel\/56516040"}],"msid":77618576,"entity_type":"ARTICLE","title":"DoT challenges NCLT nod to Aircel resolution plan","synopsis":"The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court\u2019s approval of Aircel's resolution plan.","titleseo":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}},{"author_name":"Samanwaya Rautray","author_link":"\/author\/479228156\/samanwaya-rautray","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479228156.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479228156,"author_name":"Samanwaya Rautray","author_seo_name":"samanwaya-rautray","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1936,"shares":0,"engagementtimems":6630000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-18 22:13:32","lastupd":"2020-08-18 22:13:32","breadcrumbTags":["aircel","DoT","aircel resolution plan","Mukesh Ambani","Reliance communications","nclt","telecom news","policy","Aircel news"],"secinfo":{"seolocation":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan"}}" data-news_link="//www.iser-br.com/news/dot-challenges-nclt-nod-to-aircel-resolution-plan/77618576">
<\/a><\/figure>Top court questions spectrum sale by bankrupt telcos like RCom, Aircel<\/a><\/h5><\/div><\/a><\/figure>NCLAT orders Airtel to pay Rs112 Crore to Aircel<\/a><\/h5><\/div><\/div><\/div>
The government has fought a long-drawn battle over the ownership of airwaves against Aircel and RCom. The telcos went bust under debt of Rs 26,000 crore and Rs 46,000 crore, respectively.
DoT said in the affidavit that it had consistently asked RCom to pay its AGR and spectrum-related dues. It informed the resolution professional in May that if dues pertaining to deferred spectrum auction instalments are not paid, then its spectrum\/license was liable to be terminated.
RCom’s deferred liability for spectrum purchased between 2014-2016 stood at Rs 1,597.68 crore until October 30, 2019. RCom’s AGR dues are Rs 25,199.27 crore.
According to legal experts, UVARCL will be a clear winner in betting on telecom operators in the debt-laden industry when most investors are wary about telcos.
“UVARCL is bucking the trend with its massive bid for Aircel and now RCom,” said Sonam Chandwani, managing partner at KS Legal & Associates. “The currently undervalued RCom paints a derogatory picture of the company with stronger intrinsic value. As a result, UVARCL may choose to monetise by sale of RCom’s spectrum, with Jio standing as a promising buyer whose past attempts hurled Mukesh Ambani<\/a>’s Reliance Jio into a legal imbroglio.”
<\/body>","next_sibling":[{"msid":77616105,"title":"Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence-could-add-450-500-billion-to-gdp-by-2025-nasscom\/77616105","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"56516040","title":"Here are the best recharge offers by Airtel, Vodafone, Idea, BSNL & Aircel","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel","category_name":"Slide-Shows","synopsis":false,"thumb":false,"link":"\/slide-shows\/here-are-the-best-recharge-offers-by-airtel-vodafone-idea-bsnl-aircel\/56516040"}],"msid":77618576,"entity_type":"ARTICLE","title":"DoT challenges NCLT nod to Aircel resolution plan","synopsis":"The telecom department has moved the National Company Law Appellate Tribunal, challenging the bankruptcy court\u2019s approval of Aircel's resolution plan.","titleseo":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan","status":"ACTIVE","authors":[{"author_name":"Devina Sengupta","author_link":"\/author\/479252477\/devina-sengupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252477.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479252477,"author_name":"Devina Sengupta","author_seo_name":"devina-sengupta","designation":"Assistant Editor","agency":false}},{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}},{"author_name":"Samanwaya Rautray","author_link":"\/author\/479228156\/samanwaya-rautray","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479228156.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479228156,"author_name":"Samanwaya Rautray","author_seo_name":"samanwaya-rautray","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":1936,"shares":0,"engagementtimems":6630000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-18 22:13:32","lastupd":"2020-08-18 22:13:32","breadcrumbTags":["aircel","DoT","aircel resolution plan","Mukesh Ambani","Reliance communications","nclt","telecom news","policy","Aircel news"],"secinfo":{"seolocation":"telecomnews\/dot-challenges-nclt-nod-to-aircel-resolution-plan"}}" data-news_link="//www.iser-br.com/news/dot-challenges-nclt-nod-to-aircel-resolution-plan/77618576">
<\/a><\/figure>
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