Insolvent Telecoms

The draft Indian Telecommunication Bill may not help accelerate the resolution process for insolvent companies in the sector, a domestic rating agency said on Monday.

Commenting on telecom companies under insolvency, the top court said it is -extremely worried- that almost the entire AGR dues will be wiped out

The Supreme Court on Monday asked Department of Telecom (DoT) to apprise it as how it plans to recover Adjusted Gross Revenue (AGR) related dues from telecom companies facing insolvency proceedings and whether spectrum given to these companies can be sold.

The Department of Telecom has already adjusted Rs 30.33 crore.

Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects

The biggest foreign lender to Reliance Communications withdraws petition seeking to drag the indebted telecoms carrier into insolvency.

After a meeting on Wednesday, the lenders have named Indian law firm J Sagar Associates as their legal counsel to oppose the CDB petition, RCom said in a statement.

It's India's most high-profile default on international debt since the nation's insolvency and bankruptcy code was passed in May 2016.

The draft Indian Telecommunication Bill may not help accelerate the resolution process for insolvent companies in the sector, a domestic rating agency said on Monday.

Commenting on telecom companies under insolvency, the top court said it is -extremely worried- that almost the entire AGR dues will be wiped out

The Supreme Court on Monday asked Department of Telecom (DoT) to apprise it as how it plans to recover Adjusted Gross Revenue (AGR) related dues from telecom companies facing insolvency proceedings and whether spectrum given to these companies can be sold.

The Department of Telecom has already adjusted Rs 30.33 crore.

Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects

The biggest foreign lender to Reliance Communications withdraws petition seeking to drag the indebted telecoms carrier into insolvency.

After a meeting on Wednesday, the lenders have named Indian law firm J Sagar Associates as their legal counsel to oppose the CDB petition, RCom said in a statement.

It's India's most high-profile default on international debt since the nation's insolvency and bankruptcy code was passed in May 2016.