Aircel News Today

Bharti Airtel: Seeking a clarification of the SCs January 3 order that asked them to pay Aircel Rs 112 crore, the Bharti entities told a Bench led by Justice Sanjiv Khanna that since the resolution plan of UV Assets Reconstruction Company to revive Aircel did not receive the Reserve Bank of India approval, its interests must be protected in case Aircel went into liquidation.

As a consequence of SCs decision not to entertain the plea, Airtel chose to withdraw its application.

Seeking a clarification of the SCs January 3 order that asked them to pay Aircel Rs 112 crore, the Bharti entities told a Bench led by Justice Sanjiv Khanna that since the resolution plan of UV Assets Reconstruction Company to revive Aircel did not receive the Reserve Bank of India approval, its interests must be protected in case Aircel went into liquidation.

Supreme Court rejects Bharti Airtels appeal, orders payment of Rs 112 crore to Aircel for 4G spectrum dues, upholding NCLAT decision., , airtel, aircel, telecom

On Aircel being admitted to insolvency, Airtel owed it Rs. 453 crore towards STA and other dues. The Resolution Professional (RP) of Aircel called upon Airtel to make the payment in 2019. However, Airtel paid Rs. 341 crore and retained Rs. 112 crore.

Sbi: The former Resolution Professional of Aircel entities has requested the Supreme Courts permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

The former Resolution Professional of Aircel entities has requested the Supreme Courts permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Richest Monk In The World: Ven Ajahn Siripanyo made the decision to forego his father Ananda Krishnans wealth and pursue a life of enlightenment as a monk. Krishnan has grown to be one of Malaysias wealthiest people because of his fathers wealth and numerous businesses.

Ajahn Siripanyo, the son of billionaire Ananda Krishnan, chose to abandon his inheritance and become a Buddhist monk in pursuit of spirituality. Krishnan, a prominent figure in the telecommunications industry, also has diverse business ventures such as oil and gas, satellites, media, and real estate.

The draft Telecom Bill proposes provisions that will enable the government to regain control of idle airwaves of insolvent telecom operators.