$\"\"$ MUMBAI:Reliance Communications<\/a> (RCom) said its lenders will oppose the insolvency court’s decision to start bankruptcy proceedings<\/a> against the debt-laden telco at a hearing in the appellate tribunal scheduled on Tuesday, driving the company’s shares as much as 11% higher. The appeals filed in the appellate tribunal against the National Company Law Tribunal (NCLT) admitting RCom and two subsidiaries to the debt resolution process and appointment of interim resolution professionals were mentioned for urgent hearing on Monday.
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\nThe appellate tribunal set the hearing for May 29, Anil Ambani-controlled RCom said in a regulatory filing. Swedish telecom equipment maker Ericsson dragged RCom and its subsidiaries Reliance Telecom and Reliance Infratel to the bankruptcy court<\/a> over non-payment of more than Rs 1,000 crore in dues. The three companies then appealed the NCLT’s order in the National Company Law Appellate Tribunal<\/a>. “All banks and financial institutions… have unanimously decided to oppose the NCLT debt resolution process,” RCom said. “Major lenders, including China Development Bank, State Bank of India and Standard Chartered Bank, have been formally impleaded to the appeal proceedings.”
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\nRCom shares surged to Rs 15.85 on the BSE after the regulatory filing and closed at Rs 15.30, a 7.4% gain. RCom and its two units opposed the NCLT order, saying the Swedish company was an operational creditor.
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\nThe bankruptcy court has already appointed IRPs who have taken over the running of the three companies and are tasked with reviving them and finding ways to repay the lenders. Asettlement between Ericsson and RCom is crucial to enable the telco to sell most of its wireless assets to Reliance Jio Infocomm for about Rs 18,000 crore and pare Rs 46,000 crore of debt. The bankruptcy proceedings have stalled the plan to sell the assets.
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\nReliance Infratel is engulfed in a separate legal battle with HSBC Daisy Investments and other minority shareholders opposed to the sale of towers and fibre network to Jio. ET reported last Saturday that negotiations between RCom and Ericsson for a settlement have hit a stalemate with Ericsson rejecting two proposals of RCom.
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银行反对NCLT RCom破产程序开始的决定

及其两个单位反对RCom NCLT秩序,说瑞典公司运营的债权人。

等局

更新2018年5月29日09:21点坚持

孟买:信实电信(RCom)表示,债权人将反对破产法院的决定破产程序对负债累累的电信在上诉法庭听证会安排在周二,推动公司股价上涨11%。提起上诉,上诉法庭对国家公司法法庭(NCLT)承认RCom和两个子公司的债务解决过程和任命临时解决专业人士周一提到紧急听证会。

上诉法庭的听证会5月29日Anil Ambani-controlled RCom在一份监管文件中说。瑞典电信设备制造商爱立信拖RCom及其子公司信实电信和鼓吹他的依赖破产法庭在未付款超过1000卢比的会费。这三家公司然后上诉NCLT的秩序国家公司法上诉法庭。“所有银行和金融机构…一致决定反对NCLT债务解决过程,“RCom说。“主要银行,包括中国国家开发银行,印度国家银行和渣打银行,被正式起诉,上诉程序。”

信实电信股价飙升至15.85卢比疯牛病后,提交给监管机构的备案文件和收报15.30 Rs,上涨7.4%。及其两个单位反对RCom NCLT秩序,说瑞典公司运营的债权人。

破产法庭已经任命irp谁接管了三家公司的运行和的任务是恢复他们设法偿还贷款。Asettlement至关重要,使RCom的爱立信和电信之间的无线资产卖给依赖Jio Infocomm大约18000卢比,削减46000卢比的债务。在破产程序已经停止出售资产的计划。

依赖鼓吹吞没在一个单独的法律战与汇丰黛西投资和其他少数股东反对出售Jio塔和光纤网络。ET上周六报道称,谈判和爱立信RCom和解与爱立信拒绝触及僵局信实电信的两个提案。