walked out after a heated exchange with a BJP member. The Union Cabinet has approved the sale of 2251.25 MHz of spectrum across seven frequency bands at a reserve price of Rs 3.92 lakh crore. Incidentally, the reserve price being auctioned in this round is lower than the Telecom Regulatory Authority of India’s recommendations. Only in Express US-based investment firm Interups Inc is among the bidders for Air India. In fact, the company has made a series of acquisition bids through the NCLT this year. A closer look at the deals the company claims to be ‘pursuing’ in India, however, shows a patchy, if not poor, record.