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<\/span><\/figcaption><\/figure>Mumbai : The Supreme Court<\/a> (SC) on Friday said that the appellate tribunal will take a call if spectrum of bankrupt telco Aircel<\/a> can be sold while statutory dues remain. The ruling will be critical for the bankrupty proceedings of Aircel<\/a> and Reliance Communications<\/a> (RCom) who are in the throes of exiting their insolvencies.

A two-member panel headed by S. Abdul Nazeer said National Company Law Appellate Tribunal (NCLAT<\/a>) will take a decision on spectrum sale of Aircel. The apex court modified the September 1 order which had directed the dedicated bankruptcy court to decide on the issue.

UV Asset Reconstruction company (UVARCL<\/a>) is expected to pick up key assets, including spectrum, of Aircel and Reliance Communications<\/a> (RCom), under the insokvency process. Although the National Company Law Tribunal had earlier ruled that Aircel's spectrum can be transferred to UVARCL<\/a>, the matter of whether spectrum of bankrupt companies can be transferred without the payment of adjusted gross revenue (AGR) dues came up in the top court.

The Department of Telecommunications (DoT) had highlighted in court that bankrupt telcos<\/a> have not paid adjusted gross revenue (AGR) dues of around Rs 40,000 crore. RCom owes almost Rs 26,000 crore, Aircel about Rs 14,000 crore and Videocon<\/a> Rs 1,400 crore.

The government in various appellate and insolvency courts has said that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues were paid and after approvals from the DoT.

The resolution professionals and the lenders of these ailing telcos<\/a> had argued that spectrum was a precious natural resource which cannot be kept idle and that they were well within their right to reassign these rights to recover the dues of the corporate debtors.

The insolvent telcos had said that lenders including public sector banks will be hugely impacted if airwaves are not allowed to be transferred. Spectrum is the security against which banks give loans.

Meanwhile UVARCL's plans have hit another hurdle with the Reserve Bank of India (RBI) refusing to give its nod to the resolution plan.

<\/body>","next_sibling":[{"msid":78317252,"title":"MasMovil says has not been in talks with Vodafone","entity_type":"ARTICLE","link":"\/news\/masmovil-says-has-not-been-in-talks-with-vodafone\/78317252","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":78317731,"entity_type":"ARTICLE","title":"SC says NCLAT to decide on spectrum sale of bankrupt Aircel","synopsis":"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. ","titleseo":"telecomnews\/sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":536,"shares":0,"engagementtimems":2667000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-09-25 18:13:47","lastupd":"2020-09-25 18:13:47","breadcrumbTags":["aircel","Supreme Court","nclat","videocon","Reliance communications","UVARCL","telcos","Industry","Aircel news","telecom news"],"secinfo":{"seolocation":"telecomnews\/sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-09-25" data-index="article_1">

SC说NCLAT决定频谱出售破产Aircel

最高法院(SC)上周五表示,上诉法庭将电话如果频谱破产电信Aircel可以出售,而法定费依然存在。

  • 发布于2020年9月25日下午06:13坚持
阅读: 100年行业专业人士
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孟买:最高法院(SC)上周五表示,上诉法庭将如果频谱破产电信的电话Aircel可以出售,而法定费依然存在。bankrupty诉讼的裁决将是至关重要的Aircel和信实电信(RCom)在他们准备退出破产的阵痛。

带两小组由美国Abdul岬角说国家公司法上诉法庭(NCLAT)将决定频谱出售Aircel。法院修改的9月1日订单定向专用破产法庭来决定在这个问题上。

紫外线资产重建公司(UVARCL)将关键资产,包括Aircel光谱,和信实电信(RCom),根据insokvency过程。尽管国家公司法法庭此前裁定Aircel光谱可以被转移到UVARCL,物质传输的频谱的破产公司是否可以不支付调整总收入(AGR)会费了最高法院。

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电信部门(点)在法庭上强调,破产电信公司调整后的总收益(AGR)未支付会费约40000卢比。欠将近26000卢比,RCom Aircel大约14000卢比Videocon1400卢比。

政府在各种上诉和破产法庭说,频谱是国有资产,不能转让给第三方,除非法定会费支付审批后的点。

解决专业人员和这些境况不佳的银行电信公司曾认为,光谱是一种宝贵的自然资源不能保持空闲,他们在权利分配这些权利恢复企业债务人的会费。

破产电信公司曾表示,银行包括公共部门银行将受到严重的影响,如果电视广播是不允许被转移。频谱是银行给贷款的安全。

同时UVARCL的计划了另一个障碍与印度储备银行(RBI)拒绝给其点头决议计划。

  • 发布于2020年9月25日下午06:13坚持

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<\/span><\/figcaption><\/figure>Mumbai : The Supreme Court<\/a> (SC) on Friday said that the appellate tribunal will take a call if spectrum of bankrupt telco Aircel<\/a> can be sold while statutory dues remain. The ruling will be critical for the bankrupty proceedings of Aircel<\/a> and Reliance Communications<\/a> (RCom) who are in the throes of exiting their insolvencies.

A two-member panel headed by S. Abdul Nazeer said National Company Law Appellate Tribunal (NCLAT<\/a>) will take a decision on spectrum sale of Aircel. The apex court modified the September 1 order which had directed the dedicated bankruptcy court to decide on the issue.

UV Asset Reconstruction company (UVARCL<\/a>) is expected to pick up key assets, including spectrum, of Aircel and Reliance Communications<\/a> (RCom), under the insokvency process. Although the National Company Law Tribunal had earlier ruled that Aircel's spectrum can be transferred to UVARCL<\/a>, the matter of whether spectrum of bankrupt companies can be transferred without the payment of adjusted gross revenue (AGR) dues came up in the top court.

The Department of Telecommunications (DoT) had highlighted in court that bankrupt telcos<\/a> have not paid adjusted gross revenue (AGR) dues of around Rs 40,000 crore. RCom owes almost Rs 26,000 crore, Aircel about Rs 14,000 crore and Videocon<\/a> Rs 1,400 crore.

The government in various appellate and insolvency courts has said that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues were paid and after approvals from the DoT.

The resolution professionals and the lenders of these ailing telcos<\/a> had argued that spectrum was a precious natural resource which cannot be kept idle and that they were well within their right to reassign these rights to recover the dues of the corporate debtors.

The insolvent telcos had said that lenders including public sector banks will be hugely impacted if airwaves are not allowed to be transferred. Spectrum is the security against which banks give loans.

Meanwhile UVARCL's plans have hit another hurdle with the Reserve Bank of India (RBI) refusing to give its nod to the resolution plan.

<\/body>","next_sibling":[{"msid":78317252,"title":"MasMovil says has not been in talks with Vodafone","entity_type":"ARTICLE","link":"\/news\/masmovil-says-has-not-been-in-talks-with-vodafone\/78317252","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":78317731,"entity_type":"ARTICLE","title":"SC says NCLAT to decide on spectrum sale of bankrupt Aircel","synopsis":"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. ","titleseo":"telecomnews\/sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":536,"shares":0,"engagementtimems":2667000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-09-25 18:13:47","lastupd":"2020-09-25 18:13:47","breadcrumbTags":["aircel","Supreme Court","nclat","videocon","Reliance communications","UVARCL","telcos","Industry","Aircel news","telecom news"],"secinfo":{"seolocation":"telecomnews\/sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel"}}" data-news_link="//www.iser-br.com/news/sc-says-nclat-to-decide-on-spectrum-sale-of-bankrupt-aircel/78317731">