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Top News In Aircel Entities Today - Breaking & Trending Today

Supreme Court rejects Bharti companies' pleas on Aircel payments

Seeking a clarification of the SC s 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. ....

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IBC | Statutory Set Off Or Insolvency Set Off Inapplicable To Corporate Insolvency Resolution Process: Supreme Court

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. ....

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Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum, ET Telecom

Sbi: The former Resolution Professional of Aircel entities has requested the Supreme Court s 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. ....

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Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum

The former Resolution Professional of Aircel entities has requested the Supreme Court s 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. ....

Justice Sanjiv Khanna , Balbir Singh , Vijaykumarv Iyer , Committee Of Creditors The Aircel , Uv Asset Reconstruction Company , Aircel Ltd , Supreme Court , National Company Law Tribunal , National Company Law Appellate Tribunal , Resolution Professional , Shyam Divan , Aircel Entities , Aircel Cellular , Dishnet Wireless , Additional Solicitor General Balbir Singh , While Aircel , National Company Law Appellate , Aircel Spectrum Sale ,