RCom资不抵债:CoC预计将从资产中筹集14000亿卢比

Read also<\/h3>

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RCom lenders reject resignation of Anil Ambani, 4 other directors<\/h4><\/a><\/div>

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Bharti Airtel submits Rs 9,500-cr bids for RCom assets<\/h4><\/a><\/div><\/div>
Bharti Airtel has made the highest bid of Rs 9,000 crore and has offered upfront payment but wants all the assets and not parts of it, said the people cited above. However, the CoC feels it will get better value by selling the assets separately.

\u201cJio interestingly has bid only for the tower and fibre assets with an upfront payment offer of Rs 3,600 crore,\u201d one of the persons said.

<\/div><\/div>Private equity fund Varde Partners and UV Asset Reconstruction Company Ltd (UVARCL) have said they will pick up the assets as a going concern and repay lenders as and when they manage to sell towers, fibre and spectrum to other buyers later.

\u201cUVARCL has said they already have a spectrum sale deal worth Rs11,000 crore,\u201d said the person. There\u2019s nothing to stop any telco, including Reliance Jio Infocomm, from buying the spectrum from the asset reconstruction company at a later stage, he said.

Bharti Airtel, Jio, UVARCL and RCom didn\u2019t respond to queries. Vaarde Partners and Deloitte declined to comment.

Jio had earlier sealed a deal to buy 122.4 MHz of RCom\u2019s spectrum for Rs7,300 crore, but the deal fell through after the telecom department refused approval over the question of who would be responsible for the company\u2019s past dues.

At the time of its bankruptcy filing, RCom had debt of Rs 46,000 crore, making it one of India\u2019s largest insolvencies. As many as 53 financial creditors, including local and foreign banks, nonbanking finance companies and funds, have claimed Rs 57,382 crore as dues from the company, out of which Rs 49,224 crore has been accepted by the resolution professional.

Top Indian financial lenders include State Bank of India with a verified exposure of over Rs 4,800 crore followed by Bank of Baroda (Rs 2,500 crore), Syndicate Bank (Rs 1,225 crore) and Punjab National Bank (Rs 1,127 crore). Top overseas lenders include China Development Bank (Rs 9,900 crore), Exim Bank of China (over Rs 3,356 crore) and Standard Chartered Bank (Mumbai and London, Rs 2,100 crore).

Besides banks, operational creditors such as tower companies, equipment vendors and DoT have claimed nearly Rs 30,000 crore in dues, of which over Rs 21,000 crore has been verified. By contrast, in the case of Aircel, the resolution plan has earmarked just about Rs 16.5 crore for hundreds of operational creditors, which had claimed about Rs 20,000 crore in dues.

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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. 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In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.","seolocation":"telecomnews\/rcom-unit-sold-to-third-party-for-non-repayment-of-loans","seolocationalt":"RCom unit sold to third party for non-repayment of loans","url_seo":"rcom-unit-sold-to-third-party-for-non-repayment-of-loans"},{"msid":"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":"92681340","stname":"\u200bRCom fails to attract buyers for non-core assets","artsyn":"These assets included land in Pune (871.1 sq metres) and Chennai (3.44 acres); offices in Chennai's Haddows Road and Bhubaneswar; and shares of Campion Properties Ltd and Reliance Realty.","seolocation":"telecomnews\/rcom-fails-to-attract-buyers-for-non-core-assets","seolocationalt":"\u200bRCom fails to attract buyers for non-core assets","url_seo":"rcom-fails-to-attract-buyers-for-non-core-assets"},{"msid":"85027660","stname":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","artsyn":"A day after Kumar Mangalam Birla\u2019s letter warning that Vodafone Idea (VIL) may reach an \u201cirretrievable point of collapse\u201d became public, banks are worried about the fate of the telecom major which, they say, is \u201ctoo big to fail\u201d.","seolocation":"telecomnews\/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant","seolocationalt":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","url_seo":"vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant"},{"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":"84164851","stname":"RCom hits lower circuit after DoT refuses to renew licence","artsyn":"Shares of Reliance Communication tanked 5 per cent, its daily circuit limit, to Rs 3.36 on Tuesday. However, the counter settled at Rs 3.53 on Monday. BSE Sensex was trading at 52,961.90, up by 81.9 points or 0.15 per cent at the time of writing this report. The DoT refused to renew the telecom licence of the Anil Ambani led firm unless it clears its statutory dues of Rs 26,000 crore.","seolocation":"telecomnews\/rcom-hits-lower-circuit-after-dot-refuses-to-renew-licence","seolocationalt":"RCom hits lower circuit after DoT refuses to renew licence","url_seo":"rcom-hits-lower-circuit-after-dot-refuses-to-renew-licence"},{"msid":"84058254","stname":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","artsyn":"In January 2019, Khurana joined the US-based technology company Oracle as strategic sales consulting lead for Asia Pacific and Japan region, and also previously worked with networking major Cisco as a CTO for India and SAARC region.","seolocation":"telecomnews\/gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal","seolocationalt":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","url_seo":"gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal"},{"msid":"83561631","stname":"SAT reduces Sebi's penalty on CARE Ratings to Rs 10 lakh in Reliance Communications case","artsyn":"The tribunal has affirmed the regulator's order with regard to the violation by CARE Ratings under the provisions of the Sebi Act and the CRA (Credit Rating Agency) rule.","seolocation":"telecomnews\/sat-reduces-sebis-penalty-on-care-ratings-to-rs-10-lakh-in-reliance-communications-case","seolocationalt":"SAT reduces Sebi's penalty on CARE Ratings to Rs 10 lakh in Reliance Communications case","url_seo":"sat-reduces-sebis-penalty-on-care-ratings-to-rs-10-lakh-in-reliance-communications-case"},{"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":"82076968","stname":"Aircel lenders to move SC as appellate tribunal bars spectrum sale","artsyn":"Lenders were hoping to recover Rs 25,000-30,000 crore from Aircel and RCom resolution plans under the Insolvency and Bankruptcy Code (IBC) against their claims of over Rs 1,16,000 crore.","seolocation":"telecomnews\/aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale","seolocationalt":"Aircel lenders to move SC as appellate tribunal bars spectrum sale","url_seo":"aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale"},{"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":"80027745","stname":"Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'","artsyn":"Reliance Group has said that certain banks labelling the accounts of the now defunct telecom firm - Reliance Communications (Rcom) - and its units as fraud was \"unjustified\" and \"unwarranted\".","seolocation":"telecomnews\/reliance-group-says-allegations-of-fraud-unjustified-and-unwarranted-","seolocationalt":"Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'","url_seo":"reliance-group-says-allegations-of-fraud-unjustified-and-unwarranted-"},{"msid":"80027366","stname":"RCom group owes around Rs 26,000 crore to Indian banks, financial institutions: Company","artsyn":"Debt-ridden telecom firm Reliance Communications on Wednesday said the group owes around Rs 26,000 crore to Indian banks and financial institutions. The Indians banks, vendors and other creditors have made claims of around Rs 86,000 crore on the company which is currently going through insolvency proceedings.","seolocation":"telecomnews\/rcom-group-owes-around-rs-26000-crore-to-indian-banks-financial-institutions-company","seolocationalt":"RCom group owes around Rs 26,000 crore to Indian banks, financial institutions: Company","url_seo":"rcom-group-owes-around-rs-26000-crore-to-indian-banks-financial-institutions-company"},{"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":"79985386","stname":"Reliance Communications' resolution may hit a bump as banks mark its account as fraud","artsyn":"Delays will further erode the prospects of recovery for lenders who were expecting Rs 20,000-23,000 crore from the asset sale of RCom and its units. Financial creditors have said they are owed Rs 57,382 crore.","seolocation":"telecomnews\/reliance-communications-resolution-may-hit-a-bump-as-banks-mark-its-account-as-fraud","seolocationalt":"Reliance Communications' resolution may hit a bump as banks mark its account as fraud","url_seo":"reliance-communications-resolution-may-hit-a-bump-as-banks-mark-its-account-as-fraud"},{"msid":"79962088","stname":"SBI, Union Bank, IOB mark RCom account as fraud","artsyn":"The State Bank of India (SBI), the Union Bank of India (UBI) and the Indian Overseas Bank (IOB) have marked Reliance Communication Ltd (RCOM) account as fraud, according to banking sources.","seolocation":"telecomnews\/sbi-union-bank-iob-mark-rcom-account-as-fraud","seolocationalt":"SBI, Union Bank, IOB mark RCom account as fraud","url_seo":"sbi-union-bank-iob-mark-rcom-account-as-fraud"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"6368075","value":"RCom","smid":"0","keynameseo":"RCom","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"9171","value":"Anil Ambani","smid":"0","keynameseo":"Anil-Ambani","keytype":"","keycount":"totalcount","weightage":"80"},{"keyid":"230701","value":"COC","smid":"0","keynameseo":"COC","keytype":"","keycount":"totalcount","weightage":"60"},{"keyid":"43550","value":"Bankruptcy","smid":"0","keynameseo":"Bankruptcy","keytype":"","keycount":"totalcount","weightage":"40"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"48985","value":"Bids","smid":"0","keynameseo":"Bids","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"Anil Ambani"},{"name":"Bankruptcy"},{"name":"Industry"},{"name":"RCom"},{"name":"Bids"},{"name":"COC"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["RCom","Anil Ambani","COC","Bankruptcy","Industry","Bids"],"filterTags":[]},"breadcrumbTags":["RCom","Anil Ambani","COC","Bankruptcy","Industry","Bids"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/rcom-insolvency-coc-expects-to-raise-rs-14000-cr-from-assets\/72358274"}" data-news-images="null" 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">

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