独家
点可能NCLAT Aircel的裁决提起上诉
点的吸引力可能会状态光谱不能受到IBC。
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Ashwini Vaishnaw袋10点的官员腐败指控
不到16年经验的官员受到缺口,而高级年级有一个长期的经验。凹陷水平相当于政府部门的联合秘书,虽然缺口是在主管级别。
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“部分上诉秩序去反对电信部”(点)声称光谱不能破产和破产法(IBC),”一位资深律师表示意识到发展。
4月份订单,国家公司法上诉法庭(NCLAT)曾表示,光谱”不能利用没有支付必要的费用,不能擦了触发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”。
最高法院的听证会周一直接通知被发送到有关各方。
然而,4月订单中提到的某些部分可能会影响点。
NCLAT秩序说,例如,“光谱,无形资产的被许可方/茶匙/电信/企业债务人可以受到破产/清算程序”。
点的吸引力可能会状态光谱不能受到IBC。
另外两个点的顺序:“费许可证下的中央政府/点属于经营费的范围下i b代码”和“递延/违约支付分期付款的频谱范围内的采购成本也下降操作会费i b下代码,“可能有争议的部门。
UVARCL和贷款人都担心延误由于法律障碍损害恢复大量资产价值,特别是广播电视,恶化随着时间的推移。
点声称12389卢比作为法定费用和额外的14000卢比从Aircel,包括频谱使用权无偿分期付款。
UVARCL应该接管Aircel 'sassets,包括光谱,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funds-Rs 800 - 1300块crore-through Aircel出售的频谱在1800 MHz和2100 MHz频段。
![\"DoT](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/figure>Mumbai: The telecom department<\/a> may file an appeal against an appellate order in the Aircel<\/a> case, objecting to certain portions which stated that spectrum can be subject to insolvency proceedings and that dues of the central government fall under the category of operational creditors.\"Portions of the appellate order go against Department of Telecommunications<\/a>' (DoT<\/a>) claims that spectrum cannot be subject to the Insolvency and Bankruptcy Code (IBC),\" said a senior lawyer aware of the development.
In an April order, the National Company Law Appellate Tribunal<\/a> (NCLAT<\/a>) had said that the spectrum \u201ccannot 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\".
<\/div><\/div>Aircel\u2019s asset buyer UVARCL and lenders were taken aback by this order, and moved the Supreme Court<\/a> against the NCLAT order, which made it mandatory to clear statutory dues before right to use spectrum could be transferred.
The Supreme Court in its hearing on Monday directed notices be sent to relevant parties in the case.
However, certain sections mentioned in the April order could impact the DoT too.
For example, the NCLAT order said, \"Spectrum, being intangible asset of the licensee\/ TSPs\/TelCos\/corporate debtor, can be subjected to insolvency\/liquidation proceedings\".
DoT's appeal is likely to state that spectrum cannot be subjected to IBC at all.
The other two points in that order: \"Dues of central government\/DoT under the licence fall within the ambit of operational dues under I&B Code\" and \"Deferred\/default payment instalments of spectrum acquisition cost also fall within the ambit of operational dues under I&B Code,\u201d are likely to be contested by the department as well.
Read also<\/h3>
The Supreme Court in its hearing on Monday directed notices be sent to relevant parties in the case.
However, certain sections mentioned in the April order could impact the DoT too.
For example, the NCLAT order said, \"Spectrum, being intangible asset of the licensee\/ TSPs\/TelCos\/corporate debtor, can be subjected to insolvency\/liquidation proceedings\".
DoT's appeal is likely to state that spectrum cannot be subjected to IBC at all.
The other two points in that order: \"Dues of central government\/DoT under the licence fall within the ambit of operational dues under I&B Code\" and \"Deferred\/default payment instalments of spectrum acquisition cost also fall within the ambit of operational dues under I&B Code,\u201d are likely to be contested by the department as well.
Read also<\/h3><\/a><\/div>UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum<\/h4><\/a><\/div><\/a><\/div>Aircel\u2019s Committee of Creditors moves SC against NCLAT order<\/h4><\/a><\/div><\/div>
Both UVARCL and lenders are worried that delays due to legal hurdles are hurting recovery amounts as asset values, especially that of airwaves, deteriorate with time.
<\/div><\/div>According to the Aircel resolution plan approved by the National Company Law Tribunal<\/a> (NCLT) in June 2020, operational creditors, including the telecom department, were provided Rs 28.50 crore\u20140.16% of the Rs 17,462 crore they had claimed.
DoT has claimed Rs 12,389 crore as statutory dues and an additional Rs 14,000 crore from Aircel, including unpaid instalments for the right to use spectrum.
UVARCL is supposed to take over Aircel\u2019sassets, 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\u2014Rs 800-1,300 crore\u2014through the sale of Aircel\u2019s spectrum in the 1800 MHz and 2100 MHz bands.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"14.0","minfoseo":"14-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1624934866906","minfoseo":"1624934866906"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-135203818","minfoseo":"-135203818"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"NumberOfCharacters":{"minfo":"2787.0","minfoseo":"2787-0"},"NumberOfWords":{"minfo":"430.0","minfoseo":"430-0"},"key":{"0":{"keyid":"6360249","value":"aircel","smid":"0","keynameseo":"aircel","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"150664","value":"telecom department","smid":"0","keynameseo":"telecom-department","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"11532038","value":"NCLAT order on Aircel","smid":"0","keynameseo":"NCLAT-order-on-Aircel","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6396354","value":"national company law appellate tribunal","smid":"0","keynameseo":"national-company-law-appellate-tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"16054","value":"DoT","smid":"0","keynameseo":"DoT","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"116246","value":"Department of Telecommunications","smid":"0","keynameseo":"Department-of-Telecommunications","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"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"}},"similarlytagged":[{"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":"86034167","stname":"Man arrested for duping Aircel of Rs 1.76 crore","artsyn":"Sharma procured the SIM cards in the name of Deepak Rawat. He was declared a proclaimed person (absconder) by a court here in 2017, the police said.","seolocation":"telecomnews\/delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore","seolocationalt":"Man arrested for duping Aircel of Rs 1.76 crore","url_seo":"delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore"},{"msid":"83942274","stname":"DoT may appeal against NCLAT\u2019s Aircel ruling","artsyn":"DoT's appeal is likely to state that spectrum cannot be subjected to IBC at all.","seolocation":"telecomnews\/dot-may-appeal-against-nclats-aircel-ruling","seolocationalt":"DoT may appeal against NCLAT\u2019s Aircel ruling","url_seo":"dot-may-appeal-against-nclats-aircel-ruling"},{"msid":"83452417","stname":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","artsyn":"UV Asset Reconstruction Company Ltd (UVARCL) will shortly move the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) order that forbids Aircel from selling its spectrum until the bankrupt telecom firm cleared its dues to the government.","seolocation":"telecomnews\/uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum","seolocationalt":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","url_seo":"uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum"},{"msid":"83193643","stname":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","artsyn":"People familiar with the matter said Aircel resolution professional Deloitte and asset reconstruction firm UVARCL, which had been cleared by the National Company Law Tribunal (NCLT) to take over the assets of Aircel, will also separately move the top court challenging the appellate tribunal\u2019s order.","seolocation":"telecomnews\/aircels-committee-of-creditors-moves-sc-against-nclat-order","seolocationalt":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","url_seo":"aircels-committee-of-creditors-moves-sc-against-nclat-order"},{"msid":"82191256","stname":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","artsyn":"The appellate tribunal\u2019s decision requiring the government\u2019s dues be cleared first despite classifying it as an operational creditor under the IBC, could lead to similar claims from such creditors across sectors where licences are a major asset of the debtor, making resolutions untenable, they said.","seolocation":"telecomnews\/nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts","seolocationalt":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","url_seo":"nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts"},{"msid":"82127232","stname":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","artsyn":"The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. (RCom).","seolocation":"telecomnews\/aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks","seolocationalt":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","url_seo":"aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks"},{"msid":"80491836","stname":"Aircel may seek permission to sell non-spectrum assets","artsyn":"\u201cAn option is to appeal to the NCLT (National Company Law Tribunal) to allow us to sell assets, besides spectrum, put money in the escrow account and use it for maintenance and paying the roughly 200 employees,\u201d an executive aware of the matter told ET on condition of anonymity.","seolocation":"telecomnews\/aircel-mulls-asking-nclt-to-allow-non-spectrum-sale","seolocationalt":"Aircel may seek permission to sell non-spectrum assets","url_seo":"aircel-mulls-asking-nclt-to-allow-non-spectrum-sale"},{"msid":"79452108","stname":"Delhi HC stays RBI show cause notice to UVARCL","artsyn":"The Delhi High Court on Friday stayed a Reserve Bank of India notice warning of possible cancellation of UV Asset Reconstruction Company Ltd\u2019s (UVARCL) registration, over what the central bank termed an illegal bankruptcy resolution proposal moved by the ARC for telecom firm Aircel.","seolocation":"telecomnews\/delhi-hc-stays-rbi-show-cause-notice-to-uvarcl","seolocationalt":"Delhi HC stays RBI show cause notice to UVARCL","url_seo":"delhi-hc-stays-rbi-show-cause-notice-to-uvarcl"},{"msid":"79333696","stname":"Aircel resolution plan: RBI warns UVARCL","artsyn":"The Reserve Bank of India has warned UV Asset Reconstruction Company (UVARCL) that its certificate of registration may be cancelled unless it explains by next week why it did not inform the insolvency court that the regulator had rejected its resolution plan for Aircel right at the outset.","seolocation":"telecomnews\/aircel-resolution-plan-rbi-warns-uvarcl","seolocationalt":"Aircel resolution plan: RBI warns UVARCL","url_seo":"aircel-resolution-plan-rbi-warns-uvarcl"},{"msid":"79129347","stname":"India needs to modernise telecom regulatory framework to attract investments: GSMA","artsyn":"The body said that economies are now digital and are competing internationally for investment, and the regulatory framework in any country impacts the investor behavior.","seolocation":"telecomnews\/india-needs-to-modernise-telecom-regulatory-framework-to-attract-investments-gsma","seolocationalt":"India needs to modernise telecom regulatory framework to attract investments: GSMA","url_seo":"india-needs-to-modernise-telecom-regulatory-framework-to-attract-investments-gsma"},{"msid":"79022608","stname":"Court grants one month to CBI, ED to obtain LRs in Aircel-Maxis case","artsyn":"The case relates to alleged irregularities in the grant of Foreign Investment Promotion Board (FIPB) approval in the Aircel-Maxis deal. The approval was granted in 2006 when P Chidambaram was the Union Finance Minister.","seolocation":"telecomnews\/court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case","seolocationalt":"Court grants one month to CBI, ED to obtain LRs in Aircel-Maxis case","url_seo":"court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case"},{"msid":"78883254","stname":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution plan","artsyn":"The request from the lead lender to the bankrupt mobile operator comes days after UV Asset Reconstruction Company - which has proposed to buy Aircel and most assets of another bankrupt telco Reliance Communications- met the finance minister and sought her intervention in this case.","seolocation":"telecomnews\/state-bank-of-india-seeks-meeting-with-finance-minister-to-save-aircels-resolution-plan","seolocationalt":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution plan","url_seo":"state-bank-of-india-seeks-meeting-with-finance-minister-to-save-aircels-resolution-plan"},{"msid":"78525939","stname":"Aircel lenders staring at a 30% hit due to regulatory delays","artsyn":"Aircel's lenders are likely to take a further hit of about 30% on their expected recovery of Rs 6,630 crore with regulatory delays further eroding the value of fibre and spectrum, people familiar with the matter, said.","seolocation":"telecomnews\/aircel-lenders-staring-at-a-30-hit-due-to-regulatory-delays","seolocationalt":"Aircel lenders staring at a 30% hit due to regulatory delays","url_seo":"aircel-lenders-staring-at-a-30-hit-due-to-regulatory-delays"},{"msid":"78317731","stname":"SC says NCLAT to decide on spectrum sale of bankrupt Aircel","artsyn":"The Supreme Court (SC) on Friday said that the appellate tribunal will take a call if spectrum of bankrupt telco Aircel can be sold while statutory dues remain.","seolocation":"telecomnews\/sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel","seolocationalt":"SC says NCLAT to decide on spectrum sale of bankrupt Aircel","url_seo":"sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel"},{"msid":"78310716","stname":"Telecom bankruptcies worth $6 billion left hanging as ministries argue over airwaves","artsyn":"Any uncertainty about lenders\u2019 rights over the key assets of operators could also discourage lending or bank guarantees to Bharti Airtel Ltd. and Vodafone Idea Ltd.","seolocation":"telecomnews\/telecom-bankruptcies-worth-6-billion-left-hanging-as-ministries-argue-over-airwaves","seolocationalt":"Telecom bankruptcies worth $6 billion left hanging as ministries argue over airwaves","url_seo":"telecom-bankruptcies-worth-6-billion-left-hanging-as-ministries-argue-over-airwaves"},{"msid":"78233640","stname":"'Telcos need to pay 10% of total AGR dues by Mar 31 irrespective of payment made'","artsyn":"Telecom operators, including Bharti Airtel and Vodafone Idea, which have pending adjusted gross revenue dues will have to pay 10 per cent of the total liability by March 31 irrespective of the part-payments made by them, according to government sources.","seolocation":"telecomnews\/telcos-need-to-pay-10-of-total-agr-dues-by-mar-31-irrespective-of-payment-made","seolocationalt":"'Telcos need to pay 10% of total AGR dues by Mar 31 irrespective of payment made'","url_seo":"telcos-need-to-pay-10-of-total-agr-dues-by-mar-31-irrespective-of-payment-made"},{"msid":"78170161","stname":"DoT hasn't issued any order mandating vendors to provide source code: Govt","artsyn":"The Department of Telecommunications has not issued any order regarding providing source code for security testing, minister of state for communications Sanjay Dhotre said in the Rajya Sabha on Thursday.","seolocation":"telecomnews\/dot-hasnt-issued-any-order-mandating-vendors-to-provide-source-code-govt","seolocationalt":"DoT hasn't issued any 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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"},"86034167":{"msid":"86034167","stname":"Man arrested for duping Aircel of Rs 1.76 crore","artsyn":"Sharma procured the SIM cards in the name of Deepak Rawat. 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propose amendments to the Sarfaesi Act to allow asset reconstruction companies (ARCs) to bid for bankrupt companies and infuse equity in them at the resolution stage.","seolocation":"telecomnews\/rbi-may-propose-tweaks-to-sarfaesi-act-to-bridge-regulation-gap-with-ibcs-for-arcs","seolocationalt":"RBI may propose tweaks to Sarfaesi Act to bridge regulation gap with IBCs for ARCs","url_seo":"rbi-may-propose-tweaks-to-sarfaesi-act-to-bridge-regulation-gap-with-ibcs-for-arcs"}}}}" data-news-images="[{"msid":"83942279","msname":"telecom-getty-2021","msnameseo":"telecom-getty-2021","mediatype":"1","artdate":"2021-06-21 15:15:00.0","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>UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum<\/h4><\/a><\/div><\/a><\/div>Aircel\u2019s Committee of Creditors moves SC against NCLAT order<\/h4><\/a><\/div><\/div>
Both UVARCL and lenders are worried that delays due to legal hurdles are hurting recovery amounts as asset values, especially that of airwaves, deteriorate with time.
<\/div><\/div>According to the Aircel resolution plan approved by the National Company Law Tribunal<\/a> (NCLT) in June 2020, operational creditors, including the telecom department, were provided Rs 28.50 crore\u20140.16% of the Rs 17,462 crore they had claimed.
DoT has claimed Rs 12,389 crore as statutory dues and an additional Rs 14,000 crore from Aircel, including unpaid instalments for the right to use spectrum.
UVARCL is supposed to take over Aircel\u2019sassets, 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\u2014Rs 800-1,300 crore\u2014through the sale of Aircel\u2019s spectrum in the 1800 MHz and 2100 MHz bands.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"14.0","minfoseo":"14-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1624934866906","minfoseo":"1624934866906"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-135203818","minfoseo":"-135203818"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"NumberOfCharacters":{"minfo":"2787.0","minfoseo":"2787-0"},"NumberOfWords":{"minfo":"430.0","minfoseo":"430-0"},"key":{"0":{"keyid":"6360249","value":"aircel","smid":"0","keynameseo":"aircel","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"150664","value":"telecom department","smid":"0","keynameseo":"telecom-department","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"11532038","value":"NCLAT order on Aircel","smid":"0","keynameseo":"NCLAT-order-on-Aircel","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6396354","value":"national company law appellate tribunal","smid":"0","keynameseo":"national-company-law-appellate-tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"16054","value":"DoT","smid":"0","keynameseo":"DoT","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"116246","value":"Department of Telecommunications","smid":"0","keynameseo":"Department-of-Telecommunications","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"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"}},"similarlytagged":[{"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":"86034167","stname":"Man arrested for duping Aircel of Rs 1.76 crore","artsyn":"Sharma procured the SIM cards in the name of Deepak Rawat. He was declared a proclaimed person (absconder) by a court here in 2017, the police said.","seolocation":"telecomnews\/delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore","seolocationalt":"Man arrested for duping Aircel of Rs 1.76 crore","url_seo":"delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore"},{"msid":"83942274","stname":"DoT may appeal against NCLAT\u2019s Aircel ruling","artsyn":"DoT's appeal is likely to state that spectrum cannot be subjected to IBC at all.","seolocation":"telecomnews\/dot-may-appeal-against-nclats-aircel-ruling","seolocationalt":"DoT may appeal against NCLAT\u2019s Aircel ruling","url_seo":"dot-may-appeal-against-nclats-aircel-ruling"},{"msid":"83452417","stname":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","artsyn":"UV Asset Reconstruction Company Ltd (UVARCL) will shortly move the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) order that forbids Aircel from selling its spectrum until the bankrupt telecom firm cleared its dues to the government.","seolocation":"telecomnews\/uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum","seolocationalt":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","url_seo":"uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum"},{"msid":"83193643","stname":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","artsyn":"People familiar with the matter said Aircel resolution professional Deloitte and asset reconstruction firm UVARCL, which had been cleared by the National Company Law Tribunal (NCLT) to take over the assets of Aircel, will also separately move the top court challenging the appellate tribunal\u2019s order.","seolocation":"telecomnews\/aircels-committee-of-creditors-moves-sc-against-nclat-order","seolocationalt":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","url_seo":"aircels-committee-of-creditors-moves-sc-against-nclat-order"},{"msid":"82191256","stname":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","artsyn":"The appellate tribunal\u2019s decision requiring the government\u2019s dues be cleared first despite classifying it as an operational creditor under the IBC, could lead to similar claims from such creditors across sectors where licences are a major asset of the debtor, making resolutions untenable, they said.","seolocation":"telecomnews\/nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts","seolocationalt":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","url_seo":"nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts"},{"msid":"82127232","stname":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","artsyn":"The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. (RCom).","seolocation":"telecomnews\/aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks","seolocationalt":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","url_seo":"aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks"},{"msid":"80491836","stname":"Aircel may seek permission to sell non-spectrum assets","artsyn":"\u201cAn option is to appeal to the NCLT (National Company Law Tribunal) to allow us to sell assets, besides spectrum, put money in the escrow account and use it for maintenance and paying the roughly 200 employees,\u201d an executive aware of the matter told ET on condition of anonymity.","seolocation":"telecomnews\/aircel-mulls-asking-nclt-to-allow-non-spectrum-sale","seolocationalt":"Aircel may seek permission to sell non-spectrum assets","url_seo":"aircel-mulls-asking-nclt-to-allow-non-spectrum-sale"},{"msid":"79452108","stname":"Delhi HC stays RBI show cause notice to UVARCL","artsyn":"The Delhi High Court on Friday stayed a Reserve Bank of India notice warning of possible cancellation of UV Asset Reconstruction Company Ltd\u2019s (UVARCL) registration, over what the central bank termed an illegal bankruptcy resolution proposal moved by the ARC for telecom firm Aircel.","seolocation":"telecomnews\/delhi-hc-stays-rbi-show-cause-notice-to-uvarcl","seolocationalt":"Delhi HC stays RBI show cause notice to UVARCL","url_seo":"delhi-hc-stays-rbi-show-cause-notice-to-uvarcl"},{"msid":"79333696","stname":"Aircel resolution plan: RBI warns UVARCL","artsyn":"The Reserve Bank of India has warned UV Asset Reconstruction Company (UVARCL) that its certificate of registration may be cancelled unless it explains by next week why it did not inform the insolvency court that the regulator had rejected its resolution plan for Aircel right at the outset.","seolocation":"telecomnews\/aircel-resolution-plan-rbi-warns-uvarcl","seolocationalt":"Aircel resolution plan: RBI warns UVARCL","url_seo":"aircel-resolution-plan-rbi-warns-uvarcl"},{"msid":"79129347","stname":"India needs to modernise telecom regulatory framework to attract investments: GSMA","artsyn":"The body said that economies are now digital and are competing internationally for investment, and the regulatory framework in any country impacts the investor behavior.","seolocation":"telecomnews\/india-needs-to-modernise-telecom-regulatory-framework-to-attract-investments-gsma","seolocationalt":"India needs to modernise telecom regulatory framework to attract investments: GSMA","url_seo":"india-needs-to-modernise-telecom-regulatory-framework-to-attract-investments-gsma"},{"msid":"79022608","stname":"Court grants one month to CBI, ED to obtain LRs in Aircel-Maxis case","artsyn":"The case relates to alleged irregularities in the grant of Foreign Investment Promotion Board (FIPB) approval in the Aircel-Maxis deal. The approval was granted in 2006 when P Chidambaram was the Union Finance Minister.","seolocation":"telecomnews\/court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case","seolocationalt":"Court grants one month to CBI, ED to obtain LRs in Aircel-Maxis case","url_seo":"court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case"},{"msid":"78883254","stname":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution plan","artsyn":"The request from the lead lender to the bankrupt mobile operator comes days after UV Asset Reconstruction Company - which has proposed to buy Aircel and most assets of another bankrupt telco Reliance Communications- met the finance minister and sought her intervention in this case.","seolocation":"telecomnews\/state-bank-of-india-seeks-meeting-with-finance-minister-to-save-aircels-resolution-plan","seolocationalt":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution 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赞助的故事
<\/a><\/div>Aircel\u2019s Committee of Creditors moves SC against NCLAT order<\/h4><\/a><\/div><\/div>
Both UVARCL and lenders are worried that delays due to legal hurdles are hurting recovery amounts as asset values, especially that of airwaves, deteriorate with time.
<\/div><\/div>According to the Aircel resolution plan approved by the National Company Law Tribunal<\/a> (NCLT) in June 2020, operational creditors, including the telecom department, were provided Rs 28.50 crore\u20140.16% of the Rs 17,462 crore they had claimed.
DoT has claimed Rs 12,389 crore as statutory dues and an additional Rs 14,000 crore from Aircel, including unpaid instalments for the right to use spectrum.
UVARCL is supposed to take over Aircel\u2019sassets, 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\u2014Rs 800-1,300 crore\u2014through the sale of Aircel\u2019s spectrum in the 1800 MHz and 2100 MHz bands.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"14.0","minfoseo":"14-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1624934866906","minfoseo":"1624934866906"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-135203818","minfoseo":"-135203818"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"NumberOfCharacters":{"minfo":"2787.0","minfoseo":"2787-0"},"NumberOfWords":{"minfo":"430.0","minfoseo":"430-0"},"key":{"0":{"keyid":"6360249","value":"aircel","smid":"0","keynameseo":"aircel","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"150664","value":"telecom department","smid":"0","keynameseo":"telecom-department","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"11532038","value":"NCLAT order on Aircel","smid":"0","keynameseo":"NCLAT-order-on-Aircel","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6396354","value":"national company law appellate tribunal","smid":"0","keynameseo":"national-company-law-appellate-tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"16054","value":"DoT","smid":"0","keynameseo":"DoT","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"116246","value":"Department of Telecommunications","smid":"0","keynameseo":"Department-of-Telecommunications","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"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"}},"similarlytagged":[{"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":"86034167","stname":"Man arrested for duping Aircel of Rs 1.76 crore","artsyn":"Sharma procured the SIM cards in the name of Deepak Rawat. 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made'","artsyn":"Telecom operators, including Bharti Airtel and Vodafone Idea, which have pending adjusted gross revenue dues will have to pay 10 per cent of the total liability by March 31 irrespective of the part-payments made by them, according to government sources.","seolocation":"telecomnews\/telcos-need-to-pay-10-of-total-agr-dues-by-mar-31-irrespective-of-payment-made","seolocationalt":"'Telcos need to pay 10% of total AGR dues by Mar 31 irrespective of payment made'","url_seo":"telcos-need-to-pay-10-of-total-agr-dues-by-mar-31-irrespective-of-payment-made"},"78170161":{"msid":"78170161","stname":"DoT hasn't issued any order mandating vendors to provide source code: Govt","artsyn":"The Department of Telecommunications has not issued any order regarding providing source code for security testing, minister of state for communications Sanjay Dhotre said in the Rajya Sabha on 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propose amendments to the Sarfaesi Act to allow asset reconstruction companies (ARCs) to bid for bankrupt companies and infuse equity in them at the resolution stage.","seolocation":"telecomnews\/rbi-may-propose-tweaks-to-sarfaesi-act-to-bridge-regulation-gap-with-ibcs-for-arcs","seolocationalt":"RBI may propose tweaks to Sarfaesi Act to bridge regulation gap with IBCs for ARCs","url_seo":"rbi-may-propose-tweaks-to-sarfaesi-act-to-bridge-regulation-gap-with-ibcs-for-arcs"}}}}" data-news-images="[{"msid":"83942279","msname":"telecom-getty-2021","msnameseo":"telecom-getty-2021","mediatype":"1","artdate":"2021-06-21 15:15:00.0","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
<\/div><\/div>According to the Aircel resolution plan approved by the National Company Law Tribunal<\/a> (NCLT) in June 2020, operational creditors, including the telecom department, were provided Rs 28.50 crore\u20140.16% of the Rs 17,462 crore they had claimed.
DoT has claimed Rs 12,389 crore as statutory dues and an additional Rs 14,000 crore from Aircel, including unpaid instalments for the right to use spectrum.
UVARCL is supposed to take over Aircel\u2019sassets, 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\u2014Rs 800-1,300 crore\u2014through the sale of Aircel\u2019s spectrum in the 1800 MHz and 2100 MHz bands.
<\/div><\/div>
DoT has claimed Rs 12,389 crore as statutory dues and an additional Rs 14,000 crore from Aircel, including unpaid instalments for the right to use spectrum.
UVARCL is supposed to take over Aircel\u2019sassets, 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\u2014Rs 800-1,300 crore\u2014through the sale of Aircel\u2019s spectrum in the 1800 MHz and 2100 MHz bands.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"14.0","minfoseo":"14-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1624934866906","minfoseo":"1624934866906"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-135203818","minfoseo":"-135203818"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"NumberOfCharacters":{"minfo":"2787.0","minfoseo":"2787-0"},"NumberOfWords":{"minfo":"430.0","minfoseo":"430-0"},"key":{"0":{"keyid":"6360249","value":"aircel","smid":"0","keynameseo":"aircel","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"150664","value":"telecom department","smid":"0","keynameseo":"telecom-department","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"6354977","value":"Supreme Court","smid":"0","keynameseo":"Supreme-Court","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"11532038","value":"NCLAT order on Aircel","smid":"0","keynameseo":"NCLAT-order-on-Aircel","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6396355","value":"nclat","smid":"0","keynameseo":"nclat","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"6354457","value":"National Company Law Tribunal","smid":"0","keynameseo":"National-Company-Law-Tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6396354","value":"national company law appellate tribunal","smid":"0","keynameseo":"national-company-law-appellate-tribunal","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"16054","value":"DoT","smid":"0","keynameseo":"DoT","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"116246","value":"Department of Telecommunications","smid":"0","keynameseo":"Department-of-Telecommunications","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"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"}},"similarlytagged":[{"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":"86034167","stname":"Man arrested for duping Aircel of Rs 1.76 crore","artsyn":"Sharma procured the SIM cards in the name of Deepak Rawat. He was declared a proclaimed person (absconder) by a court here in 2017, the police said.","seolocation":"telecomnews\/delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore","seolocationalt":"Man arrested for duping Aircel of Rs 1.76 crore","url_seo":"delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore"},{"msid":"83942274","stname":"DoT may appeal against NCLAT\u2019s Aircel ruling","artsyn":"DoT's appeal is likely to state that spectrum cannot be subjected to IBC at all.","seolocation":"telecomnews\/dot-may-appeal-against-nclats-aircel-ruling","seolocationalt":"DoT may appeal against NCLAT\u2019s Aircel ruling","url_seo":"dot-may-appeal-against-nclats-aircel-ruling"},{"msid":"83452417","stname":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","artsyn":"UV Asset Reconstruction Company Ltd (UVARCL) will shortly move the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) order that forbids Aircel from selling its spectrum until the bankrupt telecom firm cleared its dues to the government.","seolocation":"telecomnews\/uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum","seolocationalt":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","url_seo":"uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum"},{"msid":"83193643","stname":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","artsyn":"People familiar with the matter said Aircel resolution professional Deloitte and asset reconstruction firm UVARCL, which had been cleared by the National Company Law Tribunal (NCLT) to take over the assets of Aircel, will also separately move the top court challenging the appellate tribunal\u2019s order.","seolocation":"telecomnews\/aircels-committee-of-creditors-moves-sc-against-nclat-order","seolocationalt":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","url_seo":"aircels-committee-of-creditors-moves-sc-against-nclat-order"},{"msid":"82191256","stname":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","artsyn":"The appellate tribunal\u2019s decision requiring the government\u2019s dues be cleared first despite classifying it as an operational creditor under the IBC, could lead to similar claims from such creditors across sectors where licences are a major asset of the debtor, making resolutions untenable, they said.","seolocation":"telecomnews\/nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts","seolocationalt":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","url_seo":"nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts"},{"msid":"82127232","stname":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","artsyn":"The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. 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The approval was granted in 2006 when P Chidambaram was the Union Finance Minister.","seolocation":"telecomnews\/court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case","seolocationalt":"Court grants one month to CBI, ED to obtain LRs in Aircel-Maxis case","url_seo":"court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case"},{"msid":"78883254","stname":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution plan","artsyn":"The request from the lead lender to the bankrupt mobile operator comes days after UV Asset Reconstruction Company - which has proposed to buy Aircel and most assets of another bankrupt telco Reliance Communications- met the finance minister and sought her intervention in this case.","seolocation":"telecomnews\/state-bank-of-india-seeks-meeting-with-finance-minister-to-save-aircels-resolution-plan","seolocationalt":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution 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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"},"86034167":{"msid":"86034167","stname":"Man arrested for duping Aircel of Rs 1.76 crore","artsyn":"Sharma procured the SIM cards in the name of Deepak Rawat. He was declared a proclaimed person (absconder) by a court here in 2017, the police said.","seolocation":"telecomnews\/delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore","seolocationalt":"Man arrested for duping Aircel of Rs 1.76 crore","url_seo":"delhi-man-arrested-for-duping-aircel-of-rs-1-76-crore"},"83942274":{"msid":"83942274","stname":"DoT may appeal against NCLAT\u2019s Aircel ruling","artsyn":"DoT's appeal is likely to state that spectrum cannot be subjected to IBC at all.","seolocation":"telecomnews\/dot-may-appeal-against-nclats-aircel-ruling","seolocationalt":"DoT may appeal against NCLAT\u2019s Aircel ruling","url_seo":"dot-may-appeal-against-nclats-aircel-ruling"},"83452417":{"msid":"83452417","stname":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","artsyn":"UV Asset Reconstruction Company Ltd (UVARCL) will shortly move the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) order that forbids Aircel from selling its spectrum until the bankrupt telecom firm cleared its dues to the government.","seolocation":"telecomnews\/uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum","seolocationalt":"UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum","url_seo":"uvarcl-to-move-sc-against-nclat-order-preventing-aircel-from-selling-spectrum"},"83193643":{"msid":"83193643","stname":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","artsyn":"People familiar with the matter said Aircel resolution professional Deloitte and asset reconstruction firm UVARCL, which had been cleared by the National Company Law Tribunal (NCLT) to take over the assets of Aircel, will also separately move the top court challenging the appellate tribunal\u2019s order.","seolocation":"telecomnews\/aircels-committee-of-creditors-moves-sc-against-nclat-order","seolocationalt":"Aircel\u2019s Committee of Creditors moves SC against NCLAT order","url_seo":"aircels-committee-of-creditors-moves-sc-against-nclat-order"},"82191256":{"msid":"82191256","stname":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","artsyn":"The appellate tribunal\u2019s decision requiring the government\u2019s dues be cleared first despite classifying it as an operational creditor under the IBC, could lead to similar claims from such creditors across sectors where licences are a major asset of the debtor, making resolutions untenable, they said.","seolocation":"telecomnews\/nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts","seolocationalt":"NCLAT Aircel ruling to pose challenges for future insolvency cases, say experts","url_seo":"nclat-aircel-ruling-to-pose-challenges-for-future-insolvency-cases-say-experts"},"82127232":{"msid":"82127232","stname":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","artsyn":"The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. (RCom).","seolocation":"telecomnews\/aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks","seolocationalt":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","url_seo":"aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks"},"80491836":{"msid":"80491836","stname":"Aircel may seek permission to sell non-spectrum assets","artsyn":"\u201cAn option is to appeal to the NCLT (National Company Law Tribunal) to allow us to sell assets, besides spectrum, put money in the escrow account and use it for maintenance and paying the roughly 200 employees,\u201d an executive aware of the matter told ET on condition of anonymity.","seolocation":"telecomnews\/aircel-mulls-asking-nclt-to-allow-non-spectrum-sale","seolocationalt":"Aircel may seek permission to sell non-spectrum assets","url_seo":"aircel-mulls-asking-nclt-to-allow-non-spectrum-sale"},"79452108":{"msid":"79452108","stname":"Delhi HC stays RBI show cause notice to UVARCL","artsyn":"The Delhi High Court on Friday stayed a Reserve Bank of India notice warning of possible cancellation of UV Asset Reconstruction Company Ltd\u2019s (UVARCL) registration, over what the central bank termed an illegal bankruptcy resolution proposal moved by the ARC for telecom firm Aircel.","seolocation":"telecomnews\/delhi-hc-stays-rbi-show-cause-notice-to-uvarcl","seolocationalt":"Delhi HC stays RBI show cause notice to UVARCL","url_seo":"delhi-hc-stays-rbi-show-cause-notice-to-uvarcl"},"79333696":{"msid":"79333696","stname":"Aircel resolution plan: RBI warns UVARCL","artsyn":"The Reserve Bank of India has warned UV Asset Reconstruction Company (UVARCL) that its certificate of registration may be cancelled unless it explains by next week why it did not inform the insolvency court that the regulator had rejected its resolution plan for Aircel right at the outset.","seolocation":"telecomnews\/aircel-resolution-plan-rbi-warns-uvarcl","seolocationalt":"Aircel resolution plan: RBI warns UVARCL","url_seo":"aircel-resolution-plan-rbi-warns-uvarcl"},"79129347":{"msid":"79129347","stname":"India needs to modernise telecom regulatory framework to attract investments: GSMA","artsyn":"The body said that economies are now digital and are competing internationally for investment, and the regulatory framework in any country impacts the investor behavior.","seolocation":"telecomnews\/india-needs-to-modernise-telecom-regulatory-framework-to-attract-investments-gsma","seolocationalt":"India needs to modernise telecom regulatory framework to attract investments: GSMA","url_seo":"india-needs-to-modernise-telecom-regulatory-framework-to-attract-investments-gsma"},"79022608":{"msid":"79022608","stname":"Court grants one month to CBI, ED to obtain LRs in Aircel-Maxis case","artsyn":"The case relates to alleged irregularities in the grant of Foreign Investment Promotion Board (FIPB) approval in the Aircel-Maxis deal. The approval was granted in 2006 when P Chidambaram was the Union Finance Minister.","seolocation":"telecomnews\/court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case","seolocationalt":"Court grants one month to CBI, ED to obtain LRs in Aircel-Maxis case","url_seo":"court-grants-one-month-to-cbi-ed-to-obtain-lrs-in-aircel-maxis-case"},"78883254":{"msid":"78883254","stname":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution plan","artsyn":"The request from the lead lender to the bankrupt mobile operator comes days after UV Asset Reconstruction Company - which has proposed to buy Aircel and most assets of another bankrupt telco Reliance Communications- met the finance minister and sought her intervention in this case.","seolocation":"telecomnews\/state-bank-of-india-seeks-meeting-with-finance-minister-to-save-aircels-resolution-plan","seolocationalt":"State Bank of India seeks meeting with Finance Minister to save Aircel's resolution plan","url_seo":"state-bank-of-india-seeks-meeting-with-finance-minister-to-save-aircels-resolution-plan"},"78525939":{"msid":"78525939","stname":"Aircel lenders staring at a 30% hit due to regulatory delays","artsyn":"Aircel's lenders are likely to take a further hit of about 30% on their expected recovery of Rs 6,630 crore with regulatory delays further eroding the value of fibre and spectrum, people familiar with the matter, said.","seolocation":"telecomnews\/aircel-lenders-staring-at-a-30-hit-due-to-regulatory-delays","seolocationalt":"Aircel lenders staring at a 30% hit due to regulatory delays","url_seo":"aircel-lenders-staring-at-a-30-hit-due-to-regulatory-delays"},"78317731":{"msid":"78317731","stname":"SC says NCLAT to decide on spectrum sale of bankrupt Aircel","artsyn":"The Supreme Court (SC) on Friday said that the appellate tribunal will take a call if spectrum of bankrupt telco Aircel can be sold while statutory dues remain.","seolocation":"telecomnews\/sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel","seolocationalt":"SC says NCLAT to decide on spectrum sale of bankrupt Aircel","url_seo":"sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel"},"78310716":{"msid":"78310716","stname":"Telecom bankruptcies worth $6 billion left hanging as ministries argue over airwaves","artsyn":"Any uncertainty about lenders\u2019 rights over the key assets of operators could also discourage lending or bank guarantees to Bharti Airtel Ltd. and Vodafone Idea Ltd.","seolocation":"telecomnews\/telecom-bankruptcies-worth-6-billion-left-hanging-as-ministries-argue-over-airwaves","seolocationalt":"Telecom bankruptcies worth $6 billion left hanging as ministries argue over airwaves","url_seo":"telecom-bankruptcies-worth-6-billion-left-hanging-as-ministries-argue-over-airwaves"},"78233640":{"msid":"78233640","stname":"'Telcos need to pay 10% of total AGR dues by Mar 31 irrespective of payment made'","artsyn":"Telecom operators, including Bharti Airtel and Vodafone Idea, which have pending adjusted gross revenue dues will have to pay 10 per cent of the total liability by March 31 irrespective of the part-payments made by them, according to government sources.","seolocation":"telecomnews\/telcos-need-to-pay-10-of-total-agr-dues-by-mar-31-irrespective-of-payment-made","seolocationalt":"'Telcos need to pay 10% of total AGR dues by Mar 31 irrespective of payment made'","url_seo":"telcos-need-to-pay-10-of-total-agr-dues-by-mar-31-irrespective-of-payment-made"},"78170161":{"msid":"78170161","stname":"DoT hasn't issued any order mandating vendors to provide source code: Govt","artsyn":"The Department of Telecommunications has not issued any order regarding providing source code for security testing, minister of state for communications Sanjay Dhotre said in the Rajya Sabha on Thursday.","seolocation":"telecomnews\/dot-hasnt-issued-any-order-mandating-vendors-to-provide-source-code-govt","seolocationalt":"DoT hasn't issued any order mandating vendors to provide source code: Govt","url_seo":"dot-hasnt-issued-any-order-mandating-vendors-to-provide-source-code-govt"},"77866574":{"msid":"77866574","stname":"Supreme Court AGR verdict: Bankruptcy court to rule if spectrum can be sold under IBC","artsyn":"The Supreme Court has left it on the bankruptcy court to decide whether sale, or transfer of right to use, of spectrum can be allowed under insolvency law.","seolocation":"telecomnews\/sc-nclat-to-rule-if-spectrum-can-be-sold-under-ibc","seolocationalt":"Supreme Court AGR verdict: Bankruptcy court to rule if spectrum can be sold under IBC","url_seo":"sc-nclat-to-rule-if-spectrum-can-be-sold-under-ibc"},"77856802":{"msid":"77856802","stname":"RBI may propose tweaks to Sarfaesi Act to bridge regulation gap with IBCs for ARCs","artsyn":"The Reserve Bank of India may propose amendments to the Sarfaesi Act to allow asset reconstruction companies (ARCs) to bid for bankrupt companies and infuse equity in them at the resolution stage.","seolocation":"telecomnews\/rbi-may-propose-tweaks-to-sarfaesi-act-to-bridge-regulation-gap-with-ibcs-for-arcs","seolocationalt":"RBI may propose tweaks to Sarfaesi Act to bridge regulation gap with IBCs for ARCs","url_seo":"rbi-may-propose-tweaks-to-sarfaesi-act-to-bridge-regulation-gap-with-ibcs-for-arcs"}}}}" data-news-images="[{"msid":"83942279","msname":"telecom-getty-2021","msnameseo":"telecom-getty-2021","mediatype":"1","artdate":"2021-06-21 15:15:00.0","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">
