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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

The Supreme Court has held statutory set off or insolvency set off is not applicable to Corporate Insolvency Resolution Process (“CIRP”) proceedings under the Insolvency and Bankruptcy Code, 2016...

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.

Telcos spectrum cant be treated as security interest by lenders: NCLAT Telecom companies have the right to use spectrum under the licence granted to them. However, they cannot be said to be the owners in possession. BusinessToday.In | April 14, 2021 | Updated 22:40 IST The tribunal made it clear that spectrum "cannot be treated as a security interest by the lenders". Debt-ridden telecom companies undergoing insolvency proceedings cannot claim rights to their spectrum, a natural resource, if pa...

NCLAT says lenders cannot treat telcos spectrum as security interest under insolvency proceedings SECTIONS Last Updated: Apr 13, 2021, 10:59 PM IST Share Synopsis NCLAT on Tuesday ruled that debt-ridden telecom companies undergoing insolvency proceedings cannot claim rights to their spectrum, which is a natural resource unless requisite spectrum usage payments have been made to the government. Agencies The National Company Law Appellate Tribunal (NCLAT) on Tuesday ruled that debt-ridden teleco...

 5 Have you even wondered about the continuous onslaught of unwanted commercial communication (UCC) or spam messages and unwanted calls from telemarketers? If yes, then data shared by the telecom regulator shows that there are over 230,000 entities registered as telemarketers with 11 telecom companies. However, the data shared by the Telecom Regulatory Authority of India (TRAI) may be incomplete as the cumulative of Reliance Jio and Bharti Airtel itself is nearly 275,000. It may also be possib...