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BSE NSE Sensex Today | Stock Market Latest Update: April 17, 2021 Share Market, Trade BSE, Nifty, Sensex Live News Updates | हफ्ते के पहले कारोबारी दिन सेंसेक्स में 1400 अंकों की भारी गिरावट, निफ्टी भी 400 पॉइंट से ज्यादा नीचे फिसला

BSE NSE Sensex Today | Stock Market Latest Update: April 17, 2021 Share Market, Trade BSE, Nifty, Sensex Live News Updates | हफ्ते के पहले कारोबारी दिन सेंसेक्स में 1400 अंकों की भारी गिरावट, निफ्टी भी 400 पॉइंट से ज्यादा नीचे फिसला
bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.

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Aircel, RCom lenders may challenge NCLAT order on spectrum as they may lose Rs 60K cr

Aircel, RCom lenders may challenge NCLAT order on spectrum as they may lose Rs 60K cr SECTIONS Aircel, RCom lenders may challenge NCLAT order on spectrum as they may lose Rs 60K crPTI Last Updated: Apr 18, 2021, 09:07 PM IST Share Synopsis According to the experts and sources working with a committee of creditors, who did not wish to be named, the order may block transfer of Aircel and RCom spectrum to UVARCL and leave Indian and foreign banks with non-performing assets of around Rs 60,000 crore as claimed by the lenders. Agencies Lenders of debt-ridden telecom firms Aircel and Reliance Communications are planning to challenge the ruling of company law tribunal NCLAT over spectrum sale as they fear it will lead to NPAs of around Rs 60,000 crore claimed by them.

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Telcos spectrum can t be treated as security interest by lenders: NCLAT

Telcos spectrum can t 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 payments for spectrum usage have not been made to the government, the National Company Law Appellate Tribunal has said. In what could be a landmark judgement amid multiple telecom players undergoing proceedings under the insolvency law, a three-member bench of the tribunal also made it clear that spectrum cannot be treated as a security interest by the lenders .

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Gautam Adani and Mukesh Ambani cumulatively lost nearly $7 billion as the markets plunged

Gautam Adani and Mukesh Ambani cumulatively lost nearly $7 billion as the markets plunged Prabhjote GillApr 13, 2021, 09:48 IST Indian billionaires Gautam Adani (left) and Mukesh Ambani (right)BCCL/BI India As the Indian markets went for a nose dive, billionaires Gautam Adani and Mukesh Ambani cumulatively saw a nearly $7 billion fall in their net worth. Adani lost $4.2 billion in the face of all of his companies tracking in the red on April 12. Ambani lost $2.7 billion and Reliance Industries was one of the key companies dragging the market down.Two of the richest men in India, Gautam Adani and Mukesh Ambani, saw $7 billion of their wealth wiped out as the Indian stock exchanges went for a dive on April 12. The Sensex crashed over 1,700 points while the Nifty 50 closed 3.53% lower from where it began the day.

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NCLAT says lenders cannot treat telcos spectrum as security interest under insolvency proceedings

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 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. In what could be a landmark judgement amid multiple telecom players undergoing proceedings under the insolvency law, a three-member bench of the tribunal also made it clear that spectrum cannot be treated as a security interest by the lenders .

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