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.