The National Company Law Tribunal (NCLT) Mumbai is scheduled to hear the resolution plan of RCOM, RTL and RITL on Friday, the source added
Here are the top headlines on Thursday morning
Senior advocate Harish Salve, who represents RCom and its committee of creditors, said it will be forced to go into liquidation if spectrum sale not allowed
Plan approved by lenders leaves nothing for dept; NCLT adjourns hearing
Jio tells court it has paid Rs 195 crore dues
Department of Telecommunications (DoT) and government object to the resolution plans of RCom and RTL
The committee of creditors of Reliance Communication (RCom) approved a resolution plan, which involves lenders receiving Rs 23,000 crore
It said there is no question of one operator paying the Adjusted Gross Revenue (AGR) related dues of another firm, as suggested by the apex court earlier, and it has cleared all its dues
Reliance says no legal basis for payment; the next hearing in the matter has been adjourned till August 19
Govt says there is a difference of opinion between Department of Telecommunication and Corporate Affairs Ministry on the issue of sale of spectrum during insolvency proceedings.
Seeks spectrum-sharing info from RCom, Aircel, Videocon
Spectrum is a government property, not private, and anyone using it is liable to pay the dues, the apex court said
In its last hearing, the SC had asked the Centre to prepare a plan for recovering AGR dues from bankrupt telecom operators
Justice Arun Mishra said: "We want to go into the cause for initiation of insolvency against telcos under the IBC."
Big business houses such as the Tatas, Anil Ambani, multinationals like Malaysian tycoon T Ananda Krishna of Maxis failed to create viable businesses
In May 2017, CARE Ratings downgraded the ratings assigned to non-convertible debentures (NCDs) issued by RCom to default
With a charge of Rs 18/min for voice calls to free voice calls now, and a burgeoning subscriber base, India's telecom sector has come a long way. We look at the men who made all of this possible
SBI moves NCLT to invoke Anil Ambani's guarantee almost two years after RCom was first sent to the Tribunal for recovery of dues by Indian creditors
At a time when revenues have been disrupted, these are the ones that could go belly up first
The CoC in this case comprise over 1,757 residential flat owners spread across 18 towers and 21 commercial units in Noida. No banks are creditors