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Aircel, RCom lenders likely to challenge NCLAT order on spectrum sale


Aircel, RCom lenders likely to challenge NCLAT order on spectrum sale
The NCLAT order on spectrum sale 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
PTI | April 19, 2021 | Updated 08:04 IST
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.
The National Company Law Appellate Tribunal (NCLAT) in its order dated April 13 had ruled that the spectrum cannot be utilized without payment of requisite dues which cannot be wiped off by triggering CIRP (Corporate Insolvency Resolution Process) under I&B (Insolvency and Bankruptcy) Code . ....

Bharti Airtel , Ghanashyam Mishra , Reliance Communications , China Development Bank , Sons Private Ltd , Uv Asset Reconstruction Company , Canara Bank , Committee Of Creditors , Punjab National Bank , Reliance Telecom , National Company Law Appellate Tribunal , Supreme Court , Uv Asset Reconstruction Company Ltd , Edelweiss Asset Reconstruction Company Ltd , Corporate Insolvency Resolution Process , Reconstruction Company , State Bank , Chinese Banks , Jr Com , Aircel Lenders , Rcom Lenders , Nclat Order , Spectrum Sale , Nclat Order On Spectrum Sale , Spectrum Assets Of Aircel , Spectrum Assets Of Reliance Communications ,

Reliance Communication headed for liquidation after NCLAT judgment

Reliance Communication headed for liquidation after NCLAT judgment
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Ghanashyam Mishra , China Development Bank , Sons Private Ltd , Life Insurance Corporation Of India , Uv Asset Reconstruction Company , Reliance Telecom , National Company Law Appellate Tribunal , Supreme Court , Anil Reliance Communications Rcom , Department Of Telecom , Company Ltd , Anil Ambani Promoted Reliance Communications , Reconstruction Company , Edelweiss Asset Reconstr , Life Insurance Corporation , கணாஷ்யம் மிஸ்ரா , சீனா வளர்ச்சி வங்கி , மகன்கள் ப்ரைவேட் லிமிடெட் , வாழ்க்கை காப்பீடு நிறுவனம் ஆஃப் இந்தியா , ஊவ் சொத்து புனரமைப்பு நிறுவனம் , நம்பகத்தன்மை தொலை தொடர்பு , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , உச்ச நீதிமன்றம் , துறை ஆஃப் தொலை தொடர்பு , நிறுவனம் லிமிடெட் , அனில் அம்பானி ப்ரமோடெட் நம்பகத்தன்மை தகவல்தொடர்புகள் ,

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
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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
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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. ....

Ghanashyam Mishra , Reliance Communications , China Development Bank , Sons Private Ltd , Uv Asset Reconstruction Company , Canara Bank , Committee Of Creditors , Punjab National Bank , Reliance Telecom , National Company Law Appellate Tribunal , Supreme Court , Uv Asset Reconstruction Company Ltd , Edelweiss Asset Reconstruction Company Ltd , Corporate Insolvency Resolution Process , Reconstruction Company , Chinese Banks , கணாஷ்யம் மிஸ்ரா , நம்பகத்தன்மை தகவல்தொடர்புகள் , சீனா வளர்ச்சி வங்கி , மகன்கள் ப்ரைவேட் லிமிடெட் , ஊவ் சொத்து புனரமைப்பு நிறுவனம் , கனரா வங்கி , குழு ஆஃப் கடன் வழங்குநர்கள் , பஞ்சாப் தேசிய வங்கி , நம்பகத்தன்மை தொலை தொடர்பு , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் ,

Classification as fraud account unjustified: RCom


Classification as fraud account unjustified: RCom
In the case of Reliance Infratel, Reliance Jio unit Reliance Digital Platform is the successful Resolution Applicant and lenders will get Rs 4,400 crore from the implementation.
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By Express News Service
NEW DELHI:  After several Indian banks marked the loan accounts of Reliance Communications Ltd and two other subsidiaries as fraudulent, the bankrupt Anil Ambani-led firm released a statement Wednesday calling the classification as “entirely unjustified”. 
The Delhi High Court on Tuesday had directed two of these banks Union Bank of India and Indian Overseas Bank to maintain the status quo regarding the classification, after RCom and its subsidiary Reliance Telecom Ltd challenged the move. ....

Anil Ambani , Indian Overseas Bank , Uv Asset Reconstruction Company , Honble Delhi High Court , Reliance Telecom , India Reliance Communications File , Reliance Communications Ltd , National Company Law Tribunal , News Service , Delhi High Court On , Reliance Telecom Ltd , Union Bank , Express News , Anil Ambani Led , Delhi High Court , Reliance Communications , Resolution Professional , Resolution Plans , Reliance Infratel , Reliance Jio , Reliance Digital Platform , Resolution Applicant , Resolution Plan , Reconstruction Company , அனில் அம்பானி , இந்தியன் ஓவர்‌ஸீஸ் வங்கி ,