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NCLT认可Reliance Infratel解决方案
专门的破产法庭已经批准了Reliance Infratel (RITL)的解决方案，从而为Reliance Jio收购这家破产公司的塔台和光纤资产铺平了道路。
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BSNL宣布六名官员被迫退休
被强制退休的军官是印度电信服务(ITS)干部，批次从1988年到1992年不等。
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孟买:破产法庭已经点头了吗鼓吹他的依赖该公司(RITL)的处置计划，从而为依赖JioInfocomm (Jio)接塔和纤维的资产经过20多个月的破产程序后，这家公司破产了。
但是，贷方将通过该大厦公司的资产货币化计划，承担超过60%的减值，该大厦公司是破产公司的全资子公司信实电信(RCom . n:行情)的处置计划，虽已在3月初获得放款人批准，但仍未得到英国国家公司法法庭(ncb . n:行情)的批准。NCLT)的批准。今年3月，RCom和RITL的计划也得到了贷款机构的批准。
一位知情人士表示，根据NCLT周四批准的计划，通过Reliance Infratel的解决方案，贷款机构可能收回不到400亿卢比。Reliance Infratel拥有4.3万座发射塔和172000公里的光纤。这意味着银行在复苏过程中至少要减记60%。RITL的13家主要贷款机构声称有12,687.65亿卢比，其中9,665.07亿卢比被承认。
13家贷款机构及其债权包括印度国家银行(3628.68亿卢比)、辛迪加银行(1225.18亿卢比)和印度银行(1064.82亿卢比)，此外还有中国工商银行(18329.1亿卢比)等。除此之外，还有许多其他金融债权人也提出了索赔。
“不过，NCLT决议计划的分发取决于多哈银行干预申请的处置，”该人士补充道。2019年，多哈银行和其他三家外国银行声称，在当地银行援引该公司为RCom发行的800亿卢比银行担保后，他们在RITL的投票权从50%降至15%。
另一位法律界人士补充说:“国家法律委员会虽然接受了这一方案，但指示将回收资金存入国有银行的有息托管账户。”
德勤(Deloitte)的Aneesh Nanavati是解决方案专家(RP)，而德勤合伙人兼企业融资与重组主管Sumit Kumar Khanna是RP的顾问。
本报通过电子邮件向Jio和德勤咨询，但没有得到回应。
RCom的解决方案还在等待NCLT。根据贷款机构批准的完整计划，RCom及其子公司信实电信(Reliance Telecom . n:行情)RTIL)将交给资产重建公司UVARCL，而Reliance Infratel将交给Jio，总对价为2万至2300亿卢比，将在7年内支付。
在申请破产时，RCom有4600亿卢比的债务。多达53个金融债权人，包括本地和外国银行，非银行金融公司和基金，已经索赔5738.2亿卢比，其中4922.4亿卢比已被解决专业人员接受。
除了银行之外，塔公司、设备供应商和电信部门等运营债权人也索要了近30亿卢比的会费，其中超过2100亿卢比已得到核实。
2016年9月Jio进入电信行业后，在激烈的竞争中，由于债务增加和亏损扩大，RCom在2017年底被迫关闭了无线业务。
它试图将其无线资产，如频谱和发射塔出售给Jio，但由于一系列法律案件而失败。这迫使该电信公司及其单位选择破产程序，该程序于2019年5月根据IBC被承认。
但是，贷方将通过该大厦公司的资产货币化计划，承担超过60%的减值，该大厦公司是破产公司的全资子公司信实电信(RCom . n:行情)的处置计划，虽已在3月初获得放款人批准，但仍未得到英国国家公司法法庭(ncb . n:行情)的批准。NCLT)的批准。今年3月，RCom和RITL的计划也得到了贷款机构的批准。
一位知情人士表示，根据NCLT周四批准的计划，通过Reliance Infratel的解决方案，贷款机构可能收回不到400亿卢比。Reliance Infratel拥有4.3万座发射塔和172000公里的光纤。这意味着银行在复苏过程中至少要减记60%。RITL的13家主要贷款机构声称有12,687.65亿卢比，其中9,665.07亿卢比被承认。
“不过，NCLT决议计划的分发取决于多哈银行干预申请的处置，”该人士补充道。2019年，多哈银行和其他三家外国银行声称，在当地银行援引该公司为RCom发行的800亿卢比银行担保后，他们在RITL的投票权从50%降至15%。
另一位法律界人士补充说:“国家法律委员会虽然接受了这一方案，但指示将回收资金存入国有银行的有息托管账户。”
德勤(Deloitte)的Aneesh Nanavati是解决方案专家(RP)，而德勤合伙人兼企业融资与重组主管Sumit Kumar Khanna是RP的顾问。
本报通过电子邮件向Jio和德勤咨询，但没有得到回应。
RCom的解决方案还在等待NCLT。根据贷款机构批准的完整计划，RCom及其子公司信实电信(Reliance Telecom . n:行情)RTIL)将交给资产重建公司UVARCL，而Reliance Infratel将交给Jio，总对价为2万至2300亿卢比，将在7年内支付。
除了银行之外，塔公司、设备供应商和电信部门等运营债权人也索要了近30亿卢比的会费，其中超过2100亿卢比已得到核实。
2016年9月Jio进入电信行业后，在激烈的竞争中，由于债务增加和亏损扩大，RCom在2017年底被迫关闭了无线业务。
它试图将其无线资产，如频谱和发射塔出售给Jio，但由于一系列法律案件而失败。这迫使该电信公司及其单位选择破产程序，该程序于2019年5月根据IBC被承认。
MUMBAI: The dedicated insolvency court<\/a> has given its nod to Reliance Infratel<\/a>\u2019s (RITL) resolution plan, thereby paving way for Reliance Jio<\/a> Infocomm (Jio) to pick up the tower and fibre assets<\/a> of this bankrupt company after an over 20-month long insolvency process.
But the lenders are set to take more than a 60% haircut through the asset monetisation plan of this tower company, which is a wholly-owned unit of bankrupt Reliance Communications<\/a> (RCom), whose resolution plan \u2013 though cleared by lenders in early March \u2013 is yet to get the National Company Law Tribunal\u2019s (NCLT<\/a>) approval. RITL\u2019s plan was also cleared by lenders along with RCom\u2019s, back in March.
Under the plan approved by NCLT on Thursday, lenders may recover less than Rs 4000 crore through the resolution plan of Reliance Infratel, which holds 43,000 towers and 1,72,000 km of fibre, a person familiar with the matter said. This means the lenders have to take at least a 60% haircut in their recovery. Some 13 of the major lenders of RITL had claimed Rs 12,687.65 crore of which Rs 9,665.07 crore was admitted.
But the lenders are set to take more than a 60% haircut through the asset monetisation plan of this tower company, which is a wholly-owned unit of bankrupt Reliance Communications<\/a> (RCom), whose resolution plan \u2013 though cleared by lenders in early March \u2013 is yet to get the National Company Law Tribunal\u2019s (NCLT<\/a>) approval. RITL\u2019s plan was also cleared by lenders along with RCom\u2019s, back in March.
Under the plan approved by NCLT on Thursday, lenders may recover less than Rs 4000 crore through the resolution plan of Reliance Infratel, which holds 43,000 towers and 1,72,000 km of fibre, a person familiar with the matter said. This means the lenders have to take at least a 60% haircut in their recovery. Some 13 of the major lenders of RITL had claimed Rs 12,687.65 crore of which Rs 9,665.07 crore was admitted.
<\/div><\/div>Some of the 13 lenders and their claims include State Bank of India (Rs3,628.68 crore), Syndicate Bank (Rs 1,225.18 crore) and Bank of India (Rs 1,064.82 crore), besides Industrial and Commercial Bank of China, or ICBC (Rs 1,832.91 crore), amongst others. Apart from these, there are many other financial creditors who have filed their claims as well.
\"However, the NCLT Resolution plan distribution is subject to disposal of Doha Bank Intervention Application,\" the person added. In 2019, Doha Bank and three other foreign lenders claimed that their voting rights in RITL was reduced to 15% from 50% after local lenders invoked bank guarantees of Rs 8,000 crore issued by the company in favour of RCom.
Read also<\/h3>
\"However, the NCLT Resolution plan distribution is subject to disposal of Doha Bank Intervention Application,\" the person added. In 2019, Doha Bank and three other foreign lenders claimed that their voting rights in RITL was reduced to 15% from 50% after local lenders invoked bank guarantees of Rs 8,000 crore issued by the company in favour of RCom.
Read also<\/h3>![](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/a><\/div>Jio not liable for RCom dues: Minister<\/h4><\/a><\/div><\/div>
Another legal source added that although NCLT has accepted the plan, it has directed that the recovery money be put in an interest-bearing escrow account of a state-run bank.
Aneesh Nanavati of Deloitte was the resolution professional (RP)in this case while Sumit Kumar Khanna, partner and head of corporate finance and restructuring at Deloitte, was advisor to the RP.
ET\u2019s emailed queries to Jio and Deloitte didn\u2019t elicit a response.
RCom\u2019s resolution plan is still pending with the NCLT. According to the complete plan approved by lenders, RCom and its subsidiary Reliance Telecom (RTIL<\/a>) will go to asset reconstruction company UVARCL, whereas Reliance Infratel will go to Jio for a total consideration of Rs 20,000-23,000 crore to be paid over a period of seven years.
<\/div><\/div>At the time of filing for bankruptcy, RCom had debt of Rs 46,000 crore. As many as 53 financial creditors, including local and foreign banks, non banking financial companies and funds, have claimed Rs 57,382 crore, of which Rs 49,224 crore has been accepted by the resolution professional.
Besides banks, operational creditors such as tower companies, equipment vendors and the telecom department have claimed nearly Rs 30,000 crore in dues, of which over Rs 21,000 crore has been verified.
RCom was forced to shut its wireless operations late 2017, hurt by mounting debt and widening losses amid intense competition in the telecom sector after Jio\u2019s entry in September 2016.
It tried to sell its wireless assets, such as spectrum and towers, to Jio, but failed due to a slew of legal cases. This forced the telco, and its units, to opt for insolvency proceedings, which was admitted under the IBC in May 2019.
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Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"19.0","minfoseo":"19-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1607012485564","minfoseo":"1607012485564"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-972122839","minfoseo":"-972122839"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"OriginalImageHeightPx":{"minfo":"900.0","minfoseo":"900-0"},"OriginalImageWidthPx":{"minfo":"1200.0","minfoseo":"1200-0"},"NumberOfCharacters":{"minfo":"3502.0","minfoseo":"3502-0"},"NumberOfWords":{"minfo":"578.0","minfoseo":"578-0"},"key":{"0":{"keyid":"44524","value":"Reliance Infratel","smid":"0","keynameseo":"Reliance-Infratel","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"1005224","value":"RTIL","smid":"0","keynameseo":"RTIL","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6354504","value":"reliance jio","smid":"0","keynameseo":"reliance-jio","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6322582","value":"fibre assets","smid":"0","keynameseo":"fibre-assets","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"10372074","value":"dedicated insolvency court","smid":"0","keynameseo":"dedicated-insolvency-court","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"artau":"Devina Sengupta","aunameseo":"devina-sengupta","artauid":"479212895","artauemail":"devinasengupta@gmail.com","auFullName":"Devina Sengupta","pubname":"ET","designame":"Senior 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":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}},"similarlytagged":[{"msid":"96421195","stname":"Jio deposits Rs 3,720 crores in SBI escrow account, completes buy of Reliance Infratel","artsyn":"In a filing to the Bombay Stock Exchange Thursday, Reliance Industries, the parent of telecom service provider Reliance Jio, said, \u201cRITL has today allotted to RPPMSL 50,00,000 equity shares of Rs. 10\/- each, for cash, aggregating Rs. 5 crore; and 372,00,00,000 Zero Coupon Optionally Fully Convertible Debentures of Rs. 10\/- each, for cash, aggregating Rs. 3,720 crore.\u201d","seolocation":"telecomnews\/jio-deposits-rs-3720-cr-in-sbi-escrow-account-to-acquire-reliance-infratel","seolocationalt":"Jio deposits Rs 3,720 crores in SBI escrow account, completes buy of Reliance Infratel","url_seo":"jio-deposits-rs-3720-cr-in-sbi-escrow-account-to-acquire-reliance-infratel"},{"msid":"95718694","stname":"NCLT orders urgent implementation of Reliance Infratel resolution plan","artsyn":"As per the orders of the NCLT made public on Wednesday, the court allowed Jio\u2019s arm, Reliance Project and Property Management Services Ltd (RP&PMSL) to deposit Rs 3720 crore in a State Bank of India escrow account as part of the Reliance Infratel Ltd. (RITL) insolvency resolution plan.","seolocation":"telecomnews\/nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan","seolocationalt":"NCLT orders urgent implementation of Reliance Infratel resolution plan","url_seo":"nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan"},{"msid":"95341787","stname":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","artsyn":"Accordingly, Jio has urged NCLT-Mumbai to issue directions to RTIL\u2019s financial creditors to provide the necessary no-dues-certificate to it to speed up the much-delayed RTIL bankruptcy resolution process.","seolocation":"telecomnews\/jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process","seolocationalt":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","url_seo":"jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process"},{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. The RP, Anish Nanavaty backed by Deloitte, will obtain a fresh valuation and hold an auction of the assets, similar to the process followed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, they said.","seolocation":"telecomnews\/reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets","seolocationalt":"Reliance Communications resolution professional seeks buyers for non-core assets","url_seo":"reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets"},{"msid":"85418471","stname":"In-depth: Will private players become a saviour for ambitious BharatNet project?","artsyn":"Bharti Airtel, Reliance Infratel, STL, Cisco, Larson & Toubro and Hughes Communications are among the 40 companies that have shown interest in this phase of the BharatNet project, according to a report.","seolocation":"telecomnews\/in-depth-will-private-players-become-a-saviour-for-ambitious-bharatnet-project","seolocationalt":"In-depth: Will private players become a saviour for ambitious BharatNet project?","url_seo":"in-depth-will-private-players-become-a-saviour-for-ambitious-bharatnet-project"},{"msid":"85389693","stname":"Bharti Airtel, Reliance Infratel, STL, Cisco, L&T, Hughes eye BharatNet","artsyn":"Hinduja Global Solutions, Vodafone Group Plc, Indus Towers, RailTel Corporation of India, Power Grid Corporation of India, and Tejas Networks, which is majority owned by Tata Sons are among other companies to have also evinced interest, the documents revealed.","seolocation":"telecomnews\/bharti-airtel-reliance-jio-eyeing-bharatnet-second-phase","seolocationalt":"Bharti Airtel, Reliance Infratel, STL, Cisco, L&T, Hughes eye BharatNet","url_seo":"bharti-airtel-reliance-jio-eyeing-bharatnet-second-phase"},{"msid":"85215763","stname":"SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors","artsyn":"A bench of Justices DY Chandrachud and M R Shah said that exclusion of some of the financial creditors from the Committee of Creditors (CoC) is of no consequence as the plan has been approved by a 100 per cent voting share of the CoC.","seolocation":"telecomnews\/sc-rejects-challenge-to-approval-of-resolution-plan-of-reliance-infratel-by-operational-creditors","seolocationalt":"SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors","url_seo":"sc-rejects-challenge-to-approval-of-resolution-plan-of-reliance-infratel-by-operational-creditors"},{"msid":"84585089","stname":"DoT can't revoke RCom's licenses for 10 more days: High Court","artsyn":"DoT on Tuesday told the court that RCom is a \"dead horse that is getting beaten to revive it unlike other telcos which still have their licenses valid.\"","seolocation":"telecomnews\/dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court","seolocationalt":"DoT can't revoke RCom's licenses for 10 more days: High Court","url_seo":"dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court"},{"msid":"84377076","stname":"NCLT to hear RCom case on July 15","artsyn":"Last Thursday, the bankrupt telco informed NCLT that DoT is unlikely to renew RCom\u2019s licence on July 27 and when they expire, and if that happens, there will be nothing left in the carrier to sell.","seolocation":"telecomnews\/nclt-to-hear-rcom-case-on-july-15","seolocationalt":"NCLT to hear RCom case on July 15","url_seo":"nclt-to-hear-rcom-case-on-july-15"},{"msid":"84246513","stname":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","artsyn":"According to the lawyer, senior advocate Ravi Kadam has informed the court on behalf of the resolution professional (RP), that without license , the entire corporate insolvency resolution process (CIRP), will fall apart.","seolocation":"telecomnews\/termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told","seolocationalt":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","url_seo":"termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told"},{"msid":"84192277","stname":"Lenders discuss option to invite fresh bid for Reliance Communications' assets with resolution professional","artsyn":"Lenders of the telco, which filed for bankruptcy in May 2019, are worried that similar to the Aircel case, the Reserve Bank of India (RBI) is unlikely to permit asset reconstruction firm UVARCL buying RCom\u2019s spectrum and other assets under a resolution plan, the people said.","seolocation":"telecomnews\/lenders-discuss-option-to-invite-fresh-bid-for-reliance-communications-assets-with-resolution-professional","seolocationalt":"Lenders discuss option to invite fresh bid for Reliance Communications' assets with resolution professional","url_seo":"lenders-discuss-option-to-invite-fresh-bid-for-reliance-communications-assets-with-resolution-professional"},{"msid":"84161731","stname":"Department of Telecommunications won\u2019t renew licence until RCom clears dues","artsyn":"RCom had written to the DoT, requesting that its telecom licence be renewed for another 20 years.","seolocation":"telecomnews\/department-of-telecommunications-wont-renew-licence-until-rcom-clears-dues","seolocationalt":"Department of Telecommunications won\u2019t renew licence until RCom clears dues","url_seo":"department-of-telecommunications-wont-renew-licence-until-rcom-clears-dues"},{"msid":"83389764","stname":"SBI moves to remove Reliance Infratel\u2019s \u2018fraud\u2019 tag","artsyn":"The move comes days after Reliance Jio Infocomm (Jio), the designated buyer of Infratel\u2019s assets, had moved the bankruptcy court to seek forensic audit reports that had marked the accounts of Infratel and RCom as \u201cfraudulent\u201d.","seolocation":"telecomnews\/sbi-moves-to-remove-reliance-infratels-fraud-tag","seolocationalt":"SBI moves to remove Reliance Infratel\u2019s \u2018fraud\u2019 tag","url_seo":"sbi-moves-to-remove-reliance-infratels-fraud-tag"},{"msid":"82993346","stname":"Jio drags Reliance Infratel back to NCLT, seeks audit reports from lenders","artsyn":"On Thursday, Jio through its unit, Reliance Project and Property Management Services, sought the audit details from Reliance Infratel\u2019s Committee of Creditors (CoC) including SBI, Union Bank and Indian Overseas Bank. Resolution profession for RCom and its two units is Deloitte which is also part of CoC.","seolocation":"telecomnews\/reliance-jio-moves-nclt-against-reliance-infratel-coc","seolocationalt":"Jio drags Reliance Infratel back to NCLT, seeks audit reports from lenders","url_seo":"reliance-jio-moves-nclt-against-reliance-infratel-coc"},{"msid":"81306756","stname":"NCLT OKs Doha Bank petition on Reliance Infratel resolution","artsyn":"Under the plan approved by NCLT, lenders may recover less than Rs 4000 crore through the resolution plan of Reliance Infratel. Some 13 of the major lenders of RITL had claimed Rs 12,687.65 crore of which Rs 9,665.07 crore was admitted.","seolocation":"telecomnews\/nclt-upholds-doha-bank-plea-reliance-infratel-financial-creditors-to-get-100-recovery-aggregating-rs-3515-crore","seolocationalt":"NCLT OKs Doha Bank petition on Reliance Infratel resolution","url_seo":"nclt-upholds-doha-bank-plea-reliance-infratel-financial-creditors-to-get-100-recovery-aggregating-rs-3515-crore"},{"msid":"80131455","stname":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","artsyn":"According to the plea, the circular allows banks to declare an account as fraud without giving any prior notice or communication to the account holder against the principles of natural justice.","seolocation":"telecomnews\/hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel","seolocationalt":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","url_seo":"hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel"},{"msid":"79991958","stname":"Delhi High Court orders no coercive action in the RCom matter","artsyn":"Hearing the petition, Delhi HC has directed the banks to maintain the status quo and no coercive action till the next date of hearing. The next date of hearing is 13 January 2021.","seolocation":"telecomnews\/delhi-high-court-orders-no-coercive-action-in-the-rcom-matter","seolocationalt":"Delhi High Court orders no coercive action in the RCom matter","url_seo":"delhi-high-court-orders-no-coercive-action-in-the-rcom-matter"},{"msid":"79737109","stname":"Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA","artsyn":"Summit Digitel is one of the largest telecom infrastructure providers having over 136,000 operational telecom sites across the country. It was established in 2020 through Brookfield\u2019s acquisition of the 'Passive Telecom Infrastructure Entity' from Reliance Industries.","seolocation":"telecomnews\/summit-digitel-infrastructure-formerly-known-as-reliance-jio-infratel-joins-taipa","seolocationalt":"Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA","url_seo":"summit-digitel-infrastructure-formerly-known-as-reliance-jio-infratel-joins-taipa"},{"msid":"79567578","stname":"Reliance Industries unit may need to pay upto Rs4,975 crore for Reliance Infratel","artsyn":"Reliance Industries' subsidiary Reliance Digital Platform & Project Services may have to spend up to Rs 4,975 crore to take over tower firm Reliance Infratel, as per the order of the bankruptcy court that cleared Infratel\u2019s resolution plan on Thursday.","seolocation":"telecomnews\/reliance-industries-unit-may-need-to-pay-upto-rs4975-crore-for-reliance-infratel","seolocationalt":"Reliance Industries unit may need to pay upto Rs4,975 crore for Reliance Infratel","url_seo":"reliance-industries-unit-may-need-to-pay-upto-rs4975-crore-for-reliance-infratel"},{"msid":"79543388","stname":"NCLT gives nod to Reliance Infratel resolution plan","artsyn":"The dedicated insolvency court has given its nod to Reliance Infratel\u2019s (RITL) resolution plan, thereby paving way for Reliance Jio to pick up the tower and fibre assets of this bankrupt company.","seolocation":"telecomnews\/nclt-gives-nod-to-reliance-infratel-resolution-plan","seolocationalt":"NCLT gives nod to Reliance Infratel resolution plan","url_seo":"nclt-gives-nod-to-reliance-infratel-resolution-plan"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"44524","value":"Reliance Infratel","smid":"0","keynameseo":"Reliance-Infratel","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1005224","value":"RTIL","smid":"0","keynameseo":"RTIL","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354504","value":"reliance jio","smid":"0","keynameseo":"reliance-jio","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6322582","value":"fibre assets","smid":"0","keynameseo":"fibre-assets","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"10372074","value":"dedicated insolvency court","smid":"0","keynameseo":"dedicated-insolvency-court","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"dedicated insolvency court"},{"name":"Reliance communications"},{"name":"Reliance Infratel"},{"name":"telecom news"},{"name":"reliance jio"},{"name":"fibre assets"},{"name":"Industry"},{"name":"RTIL"},{"name":"nclt"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["Reliance Infratel","telecom news","RTIL","reliance jio","Reliance communications","nclt","Industry","fibre assets","dedicated insolvency court"],"filterTags":[]},"breadcrumbTags":["Reliance Infratel","telecom news","RTIL","reliance jio","Reliance communications","nclt","Industry","fibre assets","dedicated insolvency court"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/nclt-gives-nod-to-reliance-infratel-resolution-plan\/79543388"}" data-news-images="[{"msid":"79543385","msname":"tower","msnameseo":"tower","mediatype":"1","artdate":"2020-12-01 14:50:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
赞助的故事
<\/a><\/div>Jio not liable for RCom dues: Minister<\/h4><\/a><\/div><\/div>
Another legal source added that although NCLT has accepted the plan, it has directed that the recovery money be put in an interest-bearing escrow account of a state-run bank.
Aneesh Nanavati of Deloitte was the resolution professional (RP)in this case while Sumit Kumar Khanna, partner and head of corporate finance and restructuring at Deloitte, was advisor to the RP.
ET\u2019s emailed queries to Jio and Deloitte didn\u2019t elicit a response.
RCom\u2019s resolution plan is still pending with the NCLT. According to the complete plan approved by lenders, RCom and its subsidiary Reliance Telecom (RTIL<\/a>) will go to asset reconstruction company UVARCL, whereas Reliance Infratel will go to Jio for a total consideration of Rs 20,000-23,000 crore to be paid over a period of seven years.
<\/div><\/div>At the time of filing for bankruptcy, RCom had debt of Rs 46,000 crore. As many as 53 financial creditors, including local and foreign banks, non banking financial companies and funds, have claimed Rs 57,382 crore, of which Rs 49,224 crore has been accepted by the resolution professional.
Besides banks, operational creditors such as tower companies, equipment vendors and the telecom department have claimed nearly Rs 30,000 crore in dues, of which over Rs 21,000 crore has been verified.
RCom was forced to shut its wireless operations late 2017, hurt by mounting debt and widening losses amid intense competition in the telecom sector after Jio\u2019s entry in September 2016.
It tried to sell its wireless assets, such as spectrum and towers, to Jio, but failed due to a slew of legal cases. This forced the telco, and its units, to opt for insolvency proceedings, which was admitted under the IBC in May 2019.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"19.0","minfoseo":"19-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1607012485564","minfoseo":"1607012485564"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-972122839","minfoseo":"-972122839"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"OriginalImageHeightPx":{"minfo":"900.0","minfoseo":"900-0"},"OriginalImageWidthPx":{"minfo":"1200.0","minfoseo":"1200-0"},"NumberOfCharacters":{"minfo":"3502.0","minfoseo":"3502-0"},"NumberOfWords":{"minfo":"578.0","minfoseo":"578-0"},"key":{"0":{"keyid":"44524","value":"Reliance Infratel","smid":"0","keynameseo":"Reliance-Infratel","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"1005224","value":"RTIL","smid":"0","keynameseo":"RTIL","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6354504","value":"reliance jio","smid":"0","keynameseo":"reliance-jio","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6322582","value":"fibre assets","smid":"0","keynameseo":"fibre-assets","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"10372074","value":"dedicated insolvency court","smid":"0","keynameseo":"dedicated-insolvency-court","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"artau":"Devina Sengupta","aunameseo":"devina-sengupta","artauid":"479212895","artauemail":"devinasengupta@gmail.com","auFullName":"Devina Sengupta","pubname":"ET","designame":"Senior 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":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}},"similarlytagged":[{"msid":"96421195","stname":"Jio deposits Rs 3,720 crores in SBI escrow account, completes buy of Reliance Infratel","artsyn":"In a filing to the Bombay Stock Exchange Thursday, Reliance Industries, the parent of telecom service provider Reliance Jio, said, \u201cRITL has today allotted to RPPMSL 50,00,000 equity shares of Rs. 10\/- each, for cash, aggregating Rs. 5 crore; and 372,00,00,000 Zero Coupon Optionally Fully Convertible Debentures of Rs. 10\/- each, for cash, aggregating Rs. 3,720 crore.\u201d","seolocation":"telecomnews\/jio-deposits-rs-3720-cr-in-sbi-escrow-account-to-acquire-reliance-infratel","seolocationalt":"Jio deposits Rs 3,720 crores in SBI escrow account, completes buy of Reliance Infratel","url_seo":"jio-deposits-rs-3720-cr-in-sbi-escrow-account-to-acquire-reliance-infratel"},{"msid":"95718694","stname":"NCLT orders urgent implementation of Reliance Infratel resolution plan","artsyn":"As per the orders of the NCLT made public on Wednesday, the court allowed Jio\u2019s arm, Reliance Project and Property Management Services Ltd (RP&PMSL) to deposit Rs 3720 crore in a State Bank of India escrow account as part of the Reliance Infratel Ltd. (RITL) insolvency resolution plan.","seolocation":"telecomnews\/nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan","seolocationalt":"NCLT orders urgent implementation of Reliance Infratel resolution plan","url_seo":"nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan"},{"msid":"95341787","stname":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","artsyn":"Accordingly, Jio has urged NCLT-Mumbai to issue directions to RTIL\u2019s financial creditors to provide the necessary no-dues-certificate to it to speed up the much-delayed RTIL bankruptcy resolution process.","seolocation":"telecomnews\/jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process","seolocationalt":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","url_seo":"jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process"},{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. The RP, Anish Nanavaty backed by Deloitte, will obtain a fresh valuation and hold an auction of the assets, similar to the process followed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, they said.","seolocation":"telecomnews\/reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets","seolocationalt":"Reliance Communications resolution professional seeks buyers for non-core assets","url_seo":"reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets"},{"msid":"85418471","stname":"In-depth: Will private players become a saviour for ambitious BharatNet project?","artsyn":"Bharti Airtel, Reliance Infratel, STL, Cisco, Larson & Toubro and Hughes Communications are among the 40 companies that have shown interest in this phase of the BharatNet project, according to a report.","seolocation":"telecomnews\/in-depth-will-private-players-become-a-saviour-for-ambitious-bharatnet-project","seolocationalt":"In-depth: Will private players become a saviour for ambitious BharatNet project?","url_seo":"in-depth-will-private-players-become-a-saviour-for-ambitious-bharatnet-project"},{"msid":"85389693","stname":"Bharti Airtel, Reliance Infratel, STL, Cisco, L&T, Hughes eye BharatNet","artsyn":"Hinduja Global Solutions, Vodafone Group Plc, Indus Towers, RailTel Corporation of India, Power Grid Corporation of India, and Tejas Networks, which is majority owned by Tata Sons are among other companies to have also evinced interest, the documents revealed.","seolocation":"telecomnews\/bharti-airtel-reliance-jio-eyeing-bharatnet-second-phase","seolocationalt":"Bharti Airtel, Reliance Infratel, STL, Cisco, L&T, Hughes eye BharatNet","url_seo":"bharti-airtel-reliance-jio-eyeing-bharatnet-second-phase"},{"msid":"85215763","stname":"SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors","artsyn":"A bench of Justices DY Chandrachud and M R Shah said that exclusion of some of the financial creditors from the Committee of Creditors (CoC) is of no consequence as the plan has been approved by a 100 per cent voting share of the CoC.","seolocation":"telecomnews\/sc-rejects-challenge-to-approval-of-resolution-plan-of-reliance-infratel-by-operational-creditors","seolocationalt":"SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors","url_seo":"sc-rejects-challenge-to-approval-of-resolution-plan-of-reliance-infratel-by-operational-creditors"},{"msid":"84585089","stname":"DoT can't revoke RCom's licenses for 10 more days: High Court","artsyn":"DoT on Tuesday told the court that RCom is a \"dead horse that is getting beaten to revive it unlike other telcos which still have their licenses valid.\"","seolocation":"telecomnews\/dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court","seolocationalt":"DoT can't revoke RCom's licenses for 10 more days: High Court","url_seo":"dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court"},{"msid":"84377076","stname":"NCLT to hear RCom case on July 15","artsyn":"Last Thursday, the bankrupt telco informed NCLT that DoT is unlikely to renew RCom\u2019s licence on July 27 and when they expire, and if that happens, there will be nothing left in the carrier to sell.","seolocation":"telecomnews\/nclt-to-hear-rcom-case-on-july-15","seolocationalt":"NCLT to hear RCom case on July 15","url_seo":"nclt-to-hear-rcom-case-on-july-15"},{"msid":"84246513","stname":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","artsyn":"According to the lawyer, senior advocate Ravi Kadam has informed the court on behalf of the resolution professional (RP), that without license , the entire corporate insolvency resolution process (CIRP), will fall apart.","seolocation":"telecomnews\/termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told","seolocationalt":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","url_seo":"termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told"},{"msid":"84192277","stname":"Lenders discuss option to invite fresh bid for Reliance Communications' assets with resolution professional","artsyn":"Lenders of the telco, which filed for bankruptcy in May 2019, are worried that similar to the Aircel case, the Reserve Bank of India (RBI) is unlikely to permit asset reconstruction firm UVARCL buying RCom\u2019s spectrum and other assets under a resolution plan, the people said.","seolocation":"telecomnews\/lenders-discuss-option-to-invite-fresh-bid-for-reliance-communications-assets-with-resolution-professional","seolocationalt":"Lenders discuss option to invite fresh bid for Reliance Communications' assets with resolution professional","url_seo":"lenders-discuss-option-to-invite-fresh-bid-for-reliance-communications-assets-with-resolution-professional"},{"msid":"84161731","stname":"Department of Telecommunications won\u2019t renew licence until RCom clears dues","artsyn":"RCom had written to the DoT, requesting that its telecom licence be renewed for another 20 years.","seolocation":"telecomnews\/department-of-telecommunications-wont-renew-licence-until-rcom-clears-dues","seolocationalt":"Department of Telecommunications won\u2019t renew licence until RCom clears dues","url_seo":"department-of-telecommunications-wont-renew-licence-until-rcom-clears-dues"},{"msid":"83389764","stname":"SBI moves to remove Reliance Infratel\u2019s \u2018fraud\u2019 tag","artsyn":"The move comes days after Reliance Jio Infocomm (Jio), the designated buyer of Infratel\u2019s assets, had moved the bankruptcy court to seek forensic audit reports that had marked the accounts of Infratel and RCom as \u201cfraudulent\u201d.","seolocation":"telecomnews\/sbi-moves-to-remove-reliance-infratels-fraud-tag","seolocationalt":"SBI moves to remove Reliance Infratel\u2019s \u2018fraud\u2019 tag","url_seo":"sbi-moves-to-remove-reliance-infratels-fraud-tag"},{"msid":"82993346","stname":"Jio drags Reliance Infratel back to NCLT, seeks audit reports from lenders","artsyn":"On Thursday, Jio through its unit, Reliance Project and Property Management Services, sought the audit details from Reliance Infratel\u2019s Committee of Creditors (CoC) including SBI, Union Bank and Indian Overseas Bank. Resolution profession for RCom and its two units is Deloitte which is also part of CoC.","seolocation":"telecomnews\/reliance-jio-moves-nclt-against-reliance-infratel-coc","seolocationalt":"Jio drags Reliance Infratel back to NCLT, seeks audit reports from lenders","url_seo":"reliance-jio-moves-nclt-against-reliance-infratel-coc"},{"msid":"81306756","stname":"NCLT OKs Doha Bank petition on Reliance Infratel resolution","artsyn":"Under the plan approved by NCLT, lenders may recover less than Rs 4000 crore through the resolution plan of Reliance Infratel. Some 13 of the major lenders of RITL had claimed Rs 12,687.65 crore of which Rs 9,665.07 crore was admitted.","seolocation":"telecomnews\/nclt-upholds-doha-bank-plea-reliance-infratel-financial-creditors-to-get-100-recovery-aggregating-rs-3515-crore","seolocationalt":"NCLT OKs Doha Bank petition on Reliance Infratel resolution","url_seo":"nclt-upholds-doha-bank-plea-reliance-infratel-financial-creditors-to-get-100-recovery-aggregating-rs-3515-crore"},{"msid":"80131455","stname":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","artsyn":"According to the plea, the circular allows banks to declare an account as fraud without giving any prior notice or communication to the account holder against the principles of natural justice.","seolocation":"telecomnews\/hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel","seolocationalt":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","url_seo":"hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel"},{"msid":"79991958","stname":"Delhi High Court orders no coercive action in the RCom matter","artsyn":"Hearing the petition, Delhi HC has directed the banks to maintain the status quo and no coercive action till the next date of hearing. The next date of hearing is 13 January 2021.","seolocation":"telecomnews\/delhi-high-court-orders-no-coercive-action-in-the-rcom-matter","seolocationalt":"Delhi High Court orders no coercive action in the RCom matter","url_seo":"delhi-high-court-orders-no-coercive-action-in-the-rcom-matter"},{"msid":"79737109","stname":"Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA","artsyn":"Summit Digitel is one of the largest telecom infrastructure providers having over 136,000 operational telecom sites across the country. It was established in 2020 through Brookfield\u2019s acquisition of the 'Passive Telecom Infrastructure Entity' from Reliance Industries.","seolocation":"telecomnews\/summit-digitel-infrastructure-formerly-known-as-reliance-jio-infratel-joins-taipa","seolocationalt":"Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA","url_seo":"summit-digitel-infrastructure-formerly-known-as-reliance-jio-infratel-joins-taipa"},{"msid":"79567578","stname":"Reliance Industries unit may need to pay upto Rs4,975 crore for Reliance Infratel","artsyn":"Reliance Industries' subsidiary Reliance Digital Platform & Project Services may have to spend up to Rs 4,975 crore to take over tower firm Reliance Infratel, as per the order of the bankruptcy court that cleared Infratel\u2019s resolution plan on Thursday.","seolocation":"telecomnews\/reliance-industries-unit-may-need-to-pay-upto-rs4975-crore-for-reliance-infratel","seolocationalt":"Reliance Industries unit may need to pay upto Rs4,975 crore for Reliance Infratel","url_seo":"reliance-industries-unit-may-need-to-pay-upto-rs4975-crore-for-reliance-infratel"},{"msid":"79543388","stname":"NCLT gives nod to Reliance Infratel resolution plan","artsyn":"The dedicated insolvency court has given its nod to Reliance Infratel\u2019s (RITL) resolution plan, thereby paving way for Reliance Jio to pick up the tower and fibre assets of this bankrupt company.","seolocation":"telecomnews\/nclt-gives-nod-to-reliance-infratel-resolution-plan","seolocationalt":"NCLT gives nod to Reliance Infratel resolution plan","url_seo":"nclt-gives-nod-to-reliance-infratel-resolution-plan"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"44524","value":"Reliance Infratel","smid":"0","keynameseo":"Reliance-Infratel","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1005224","value":"RTIL","smid":"0","keynameseo":"RTIL","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354504","value":"reliance jio","smid":"0","keynameseo":"reliance-jio","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6322582","value":"fibre assets","smid":"0","keynameseo":"fibre-assets","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"10372074","value":"dedicated insolvency court","smid":"0","keynameseo":"dedicated-insolvency-court","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"dedicated insolvency court"},{"name":"Reliance communications"},{"name":"Reliance Infratel"},{"name":"telecom news"},{"name":"reliance jio"},{"name":"fibre assets"},{"name":"Industry"},{"name":"RTIL"},{"name":"nclt"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["Reliance Infratel","telecom news","RTIL","reliance jio","Reliance communications","nclt","Industry","fibre assets","dedicated insolvency court"],"filterTags":[]},"breadcrumbTags":["Reliance Infratel","telecom news","RTIL","reliance jio","Reliance communications","nclt","Industry","fibre assets","dedicated insolvency court"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/nclt-gives-nod-to-reliance-infratel-resolution-plan\/79543388"}" data-news-images="[{"msid":"79543385","msname":"tower","msnameseo":"tower","mediatype":"1","artdate":"2020-12-01 14:50:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
赞助的故事
<\/div><\/div>At the time of filing for bankruptcy, RCom had debt of Rs 46,000 crore. As many as 53 financial creditors, including local and foreign banks, non banking financial companies and funds, have claimed Rs 57,382 crore, of which Rs 49,224 crore has been accepted by the resolution professional.
Besides banks, operational creditors such as tower companies, equipment vendors and the telecom department have claimed nearly Rs 30,000 crore in dues, of which over Rs 21,000 crore has been verified.
RCom was forced to shut its wireless operations late 2017, hurt by mounting debt and widening losses amid intense competition in the telecom sector after Jio\u2019s entry in September 2016.
It tried to sell its wireless assets, such as spectrum and towers, to Jio, but failed due to a slew of legal cases. This forced the telco, and its units, to opt for insolvency proceedings, which was admitted under the IBC in May 2019.
<\/div><\/div>
Besides banks, operational creditors such as tower companies, equipment vendors and the telecom department have claimed nearly Rs 30,000 crore in dues, of which over Rs 21,000 crore has been verified.
RCom was forced to shut its wireless operations late 2017, hurt by mounting debt and widening losses amid intense competition in the telecom sector after Jio\u2019s entry in September 2016.
It tried to sell its wireless assets, such as spectrum and towers, to Jio, but failed due to a slew of legal cases. This forced the telco, and its units, to opt for insolvency proceedings, which was admitted under the IBC in May 2019.
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"19.0","minfoseo":"19-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1607012485564","minfoseo":"1607012485564"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"-972122839","minfoseo":"-972122839"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"OriginalImageHeightPx":{"minfo":"900.0","minfoseo":"900-0"},"OriginalImageWidthPx":{"minfo":"1200.0","minfoseo":"1200-0"},"NumberOfCharacters":{"minfo":"3502.0","minfoseo":"3502-0"},"NumberOfWords":{"minfo":"578.0","minfoseo":"578-0"},"key":{"0":{"keyid":"44524","value":"Reliance Infratel","smid":"0","keynameseo":"Reliance-Infratel","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"1005224","value":"RTIL","smid":"0","keynameseo":"RTIL","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6354504","value":"reliance jio","smid":"0","keynameseo":"reliance-jio","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"6322582","value":"fibre assets","smid":"0","keynameseo":"fibre-assets","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"10372074","value":"dedicated insolvency court","smid":"0","keynameseo":"dedicated-insolvency-court","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"artau":"Devina Sengupta","aunameseo":"devina-sengupta","artauid":"479212895","artauemail":"devinasengupta@gmail.com","auFullName":"Devina Sengupta","pubname":"ET","designame":"Senior 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":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}},"similarlytagged":[{"msid":"96421195","stname":"Jio deposits Rs 3,720 crores in SBI escrow account, completes buy of Reliance Infratel","artsyn":"In a filing to the Bombay Stock Exchange Thursday, Reliance Industries, the parent of telecom service provider Reliance Jio, said, \u201cRITL has today allotted to RPPMSL 50,00,000 equity shares of Rs. 10\/- each, for cash, aggregating Rs. 5 crore; and 372,00,00,000 Zero Coupon Optionally Fully Convertible Debentures of Rs. 10\/- each, for cash, aggregating Rs. 3,720 crore.\u201d","seolocation":"telecomnews\/jio-deposits-rs-3720-cr-in-sbi-escrow-account-to-acquire-reliance-infratel","seolocationalt":"Jio deposits Rs 3,720 crores in SBI escrow account, completes buy of Reliance Infratel","url_seo":"jio-deposits-rs-3720-cr-in-sbi-escrow-account-to-acquire-reliance-infratel"},{"msid":"95718694","stname":"NCLT orders urgent implementation of Reliance Infratel resolution plan","artsyn":"As per the orders of the NCLT made public on Wednesday, the court allowed Jio\u2019s arm, Reliance Project and Property Management Services Ltd (RP&PMSL) to deposit Rs 3720 crore in a State Bank of India escrow account as part of the Reliance Infratel Ltd. (RITL) insolvency resolution plan.","seolocation":"telecomnews\/nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan","seolocationalt":"NCLT orders urgent implementation of Reliance Infratel resolution plan","url_seo":"nclt-orders-urgent-implementation-of-reliance-infratel-resolution-plan"},{"msid":"95341787","stname":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","artsyn":"Accordingly, Jio has urged NCLT-Mumbai to issue directions to RTIL\u2019s financial creditors to provide the necessary no-dues-certificate to it to speed up the much-delayed RTIL bankruptcy resolution process.","seolocation":"telecomnews\/jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process","seolocationalt":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","url_seo":"jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process"},{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. The RP, Anish Nanavaty backed by Deloitte, will obtain a fresh valuation and hold an auction of the assets, similar to the process followed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, they said.","seolocation":"telecomnews\/reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets","seolocationalt":"Reliance Communications resolution professional seeks buyers for non-core assets","url_seo":"reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets"},{"msid":"85418471","stname":"In-depth: Will private players become a saviour for ambitious BharatNet project?","artsyn":"Bharti Airtel, Reliance Infratel, STL, Cisco, Larson & Toubro and Hughes Communications are among the 40 companies that have shown interest in this phase of the BharatNet project, according to a report.","seolocation":"telecomnews\/in-depth-will-private-players-become-a-saviour-for-ambitious-bharatnet-project","seolocationalt":"In-depth: Will private players become a saviour for ambitious BharatNet project?","url_seo":"in-depth-will-private-players-become-a-saviour-for-ambitious-bharatnet-project"},{"msid":"85389693","stname":"Bharti Airtel, Reliance Infratel, STL, Cisco, L&T, Hughes eye BharatNet","artsyn":"Hinduja Global Solutions, Vodafone Group Plc, Indus Towers, RailTel Corporation of India, Power Grid Corporation of India, and Tejas Networks, which is majority owned by Tata Sons are among other companies to have also evinced interest, the documents revealed.","seolocation":"telecomnews\/bharti-airtel-reliance-jio-eyeing-bharatnet-second-phase","seolocationalt":"Bharti Airtel, Reliance Infratel, STL, Cisco, L&T, Hughes eye BharatNet","url_seo":"bharti-airtel-reliance-jio-eyeing-bharatnet-second-phase"},{"msid":"85215763","stname":"SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors","artsyn":"A bench of Justices DY Chandrachud and M R Shah said that exclusion of some of the financial creditors from the Committee of Creditors (CoC) is of no consequence as the plan has been approved by a 100 per cent voting share of the CoC.","seolocation":"telecomnews\/sc-rejects-challenge-to-approval-of-resolution-plan-of-reliance-infratel-by-operational-creditors","seolocationalt":"SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors","url_seo":"sc-rejects-challenge-to-approval-of-resolution-plan-of-reliance-infratel-by-operational-creditors"},{"msid":"84585089","stname":"DoT can't revoke RCom's licenses for 10 more days: High Court","artsyn":"DoT on Tuesday told the court that RCom is a \"dead horse that is getting beaten to revive it unlike other telcos which still have their licenses valid.\"","seolocation":"telecomnews\/dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court","seolocationalt":"DoT can't revoke RCom's licenses for 10 more days: High Court","url_seo":"dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court"},{"msid":"84377076","stname":"NCLT to hear RCom case on July 15","artsyn":"Last Thursday, the bankrupt telco informed NCLT that DoT is unlikely to renew RCom\u2019s licence on July 27 and when they expire, and if that happens, there will be nothing left in the carrier to sell.","seolocation":"telecomnews\/nclt-to-hear-rcom-case-on-july-15","seolocationalt":"NCLT to hear RCom case on July 15","url_seo":"nclt-to-hear-rcom-case-on-july-15"},{"msid":"84246513","stname":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","artsyn":"According to the lawyer, senior advocate Ravi Kadam has informed the court on behalf of the resolution professional (RP), that without license , the entire corporate insolvency resolution process (CIRP), will fall apart.","seolocation":"telecomnews\/termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told","seolocationalt":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","url_seo":"termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told"},{"msid":"84192277","stname":"Lenders discuss option to invite fresh bid for Reliance Communications' assets with resolution professional","artsyn":"Lenders of the telco, which filed for bankruptcy in May 2019, are worried that similar to the Aircel case, the Reserve Bank of India (RBI) is unlikely to permit asset reconstruction firm UVARCL buying RCom\u2019s spectrum and other assets under a resolution plan, the people said.","seolocation":"telecomnews\/lenders-discuss-option-to-invite-fresh-bid-for-reliance-communications-assets-with-resolution-professional","seolocationalt":"Lenders discuss option to invite fresh bid for Reliance Communications' assets with resolution professional","url_seo":"lenders-discuss-option-to-invite-fresh-bid-for-reliance-communications-assets-with-resolution-professional"},{"msid":"84161731","stname":"Department of Telecommunications won\u2019t renew licence until RCom clears dues","artsyn":"RCom had written to the DoT, requesting that its telecom licence be renewed for another 20 years.","seolocation":"telecomnews\/department-of-telecommunications-wont-renew-licence-until-rcom-clears-dues","seolocationalt":"Department of Telecommunications won\u2019t renew licence until RCom clears dues","url_seo":"department-of-telecommunications-wont-renew-licence-until-rcom-clears-dues"},{"msid":"83389764","stname":"SBI moves to remove Reliance Infratel\u2019s \u2018fraud\u2019 tag","artsyn":"The move comes days after Reliance Jio Infocomm (Jio), the designated buyer of Infratel\u2019s assets, had moved the bankruptcy court to seek forensic audit reports that had marked the accounts of Infratel and RCom as \u201cfraudulent\u201d.","seolocation":"telecomnews\/sbi-moves-to-remove-reliance-infratels-fraud-tag","seolocationalt":"SBI moves to remove Reliance Infratel\u2019s \u2018fraud\u2019 tag","url_seo":"sbi-moves-to-remove-reliance-infratels-fraud-tag"},{"msid":"82993346","stname":"Jio drags Reliance Infratel back to NCLT, seeks audit reports from lenders","artsyn":"On Thursday, Jio through its unit, Reliance Project and Property Management Services, sought the audit details from Reliance Infratel\u2019s Committee of Creditors (CoC) including SBI, Union Bank and Indian Overseas Bank. Resolution profession for RCom and its two units is Deloitte which is also part of CoC.","seolocation":"telecomnews\/reliance-jio-moves-nclt-against-reliance-infratel-coc","seolocationalt":"Jio drags Reliance Infratel back to NCLT, seeks audit reports from lenders","url_seo":"reliance-jio-moves-nclt-against-reliance-infratel-coc"},{"msid":"81306756","stname":"NCLT OKs Doha Bank petition on Reliance Infratel resolution","artsyn":"Under the plan approved by NCLT, lenders may recover less than Rs 4000 crore through the resolution plan of Reliance Infratel. Some 13 of the major lenders of RITL had claimed Rs 12,687.65 crore of which Rs 9,665.07 crore was admitted.","seolocation":"telecomnews\/nclt-upholds-doha-bank-plea-reliance-infratel-financial-creditors-to-get-100-recovery-aggregating-rs-3515-crore","seolocationalt":"NCLT OKs Doha Bank petition on Reliance Infratel resolution","url_seo":"nclt-upholds-doha-bank-plea-reliance-infratel-financial-creditors-to-get-100-recovery-aggregating-rs-3515-crore"},{"msid":"80131455","stname":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","artsyn":"According to the plea, the circular allows banks to declare an account as fraud without giving any prior notice or communication to the account holder against the principles of natural justice.","seolocation":"telecomnews\/hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel","seolocationalt":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","url_seo":"hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel"},{"msid":"79991958","stname":"Delhi High Court orders no coercive action in the RCom matter","artsyn":"Hearing the petition, Delhi HC has directed the banks to maintain the status quo and no coercive action till the next date of hearing. The next date of hearing is 13 January 2021.","seolocation":"telecomnews\/delhi-high-court-orders-no-coercive-action-in-the-rcom-matter","seolocationalt":"Delhi High Court orders no coercive action in the RCom matter","url_seo":"delhi-high-court-orders-no-coercive-action-in-the-rcom-matter"},{"msid":"79737109","stname":"Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA","artsyn":"Summit Digitel is one of the largest telecom infrastructure providers having over 136,000 operational telecom sites across the country. It was established in 2020 through Brookfield\u2019s acquisition of the 'Passive Telecom Infrastructure Entity' from Reliance Industries.","seolocation":"telecomnews\/summit-digitel-infrastructure-formerly-known-as-reliance-jio-infratel-joins-taipa","seolocationalt":"Summit Digitel Infrastructure formerly known as Reliance Jio Infratel joins TAIPA","url_seo":"summit-digitel-infrastructure-formerly-known-as-reliance-jio-infratel-joins-taipa"},{"msid":"79567578","stname":"Reliance Industries unit may need to pay upto Rs4,975 crore for Reliance Infratel","artsyn":"Reliance Industries' subsidiary Reliance Digital Platform & Project Services may have to spend up to Rs 4,975 crore to take over tower firm Reliance Infratel, as per the order of the bankruptcy court that cleared Infratel\u2019s resolution plan on Thursday.","seolocation":"telecomnews\/reliance-industries-unit-may-need-to-pay-upto-rs4975-crore-for-reliance-infratel","seolocationalt":"Reliance Industries unit may need to pay upto Rs4,975 crore for Reliance Infratel","url_seo":"reliance-industries-unit-may-need-to-pay-upto-rs4975-crore-for-reliance-infratel"},{"msid":"79543388","stname":"NCLT gives nod to Reliance Infratel resolution plan","artsyn":"The dedicated insolvency court has given its nod to Reliance Infratel\u2019s (RITL) resolution plan, thereby paving way for Reliance Jio to pick up the tower and fibre assets of this bankrupt company.","seolocation":"telecomnews\/nclt-gives-nod-to-reliance-infratel-resolution-plan","seolocationalt":"NCLT gives nod to Reliance Infratel resolution plan","url_seo":"nclt-gives-nod-to-reliance-infratel-resolution-plan"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"44524","value":"Reliance Infratel","smid":"0","keynameseo":"Reliance-Infratel","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"34974","value":"telecom news","smid":"0","keynameseo":"telecom-news","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1005224","value":"RTIL","smid":"0","keynameseo":"RTIL","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354504","value":"reliance jio","smid":"0","keynameseo":"reliance-jio","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"46907","value":"Reliance communications","smid":"0","keynameseo":"Reliance-communications","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6355809","value":"nclt","smid":"0","keynameseo":"nclt","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6322582","value":"fibre assets","smid":"0","keynameseo":"fibre-assets","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"10372074","value":"dedicated insolvency court","smid":"0","keynameseo":"dedicated-insolvency-court","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"dedicated insolvency court"},{"name":"Reliance communications"},{"name":"Reliance Infratel"},{"name":"telecom news"},{"name":"reliance jio"},{"name":"fibre assets"},{"name":"Industry"},{"name":"RTIL"},{"name":"nclt"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["Reliance Infratel","telecom news","RTIL","reliance jio","Reliance communications","nclt","Industry","fibre assets","dedicated insolvency court"],"filterTags":[]},"breadcrumbTags":["Reliance Infratel","telecom news","RTIL","reliance jio","Reliance communications","nclt","Industry","fibre assets","dedicated insolvency court"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/nclt-gives-nod-to-reliance-infratel-resolution-plan\/79543388"}" data-news-images="[{"msid":"79543385","msname":"tower","msnameseo":"tower","mediatype":"1","artdate":"2020-12-01 14:50:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
