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Lenders to Aircel and UV Asset Reconstruction, which was to take over the defunct telco’s assets under the insolvency process, are planning to approach the Supreme Court after an appellate tribunal barred sale of its spectrum until govt dues are cleared
The bankruptcy tribunal has okayed a Chennai consultancy’s plan to rescue a power plant based in the Bikaner district. Read the entire story: Unlock the #VCCirclePremium plan for complete access. #NCLT #PowerPlant
NCLAT has ruled that spectrum can be sold under the insolvency process, but only after government dues are cleared, backing the DoT and dealing a blow to bankruptcy proceedings of defunct telcos such as Aircel and RCom
#NCLAT: #Telecom cos are licensed users of spectrum, not its owners; Spectrum cannot be used as security before lenders Transfer of spectrum under IBC subject to clearance of dues. #Spectrum held by co can be part of insolvency resolution (Agencies)
The controversy over former British PM #DavidCameron’s lobbying on behalf of a now-bankrupt financial services firm deepened as the government launched an investigation that opponents immediately labeled a "cover-up".
What’s the difference between net profit and cash flow? Often, it’s the difference between success and bankruptcy.
Normal citizens life 1. spend all his saving in lockdown 2. After lockdown lifted forced pay electric , water and others bills otherwise govt will cut your connection 3. After paying all bills face another lockdown and cycle repeats And become bankrupt
Even if a promoter is somewhat rich in personal capacity, they can't run a company like it is a charity and drive company and themselves into bankruptcy.
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