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Bharti Airtel Limited vs Vijaykumar V Iyer on 3 January, 2024

Bharti Airtel Limited vs Vijaykumar V Iyer on 3 January, 2024
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Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum, ET Telecom

Sbi: The former Resolution Professional of Aircel entities has requested the Supreme Court s permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum

The former Resolution Professional of Aircel entities has requested the Supreme Court s permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

SBI Distressed Loans: SBI seeks buyers for its Rs 96,000 crore distressed loans

State Bank of India (SBI) plans to sell over INR 960 billion ($12.9 billion) of distressed loans to asset reconstruction companies. The countrys largest bank prepared a list of 331 accounts, including loans to Future Group, Anil Ambani-promoted firms, Videocon Group and Jaypee Group, among others.

Hindus, Schema-Root news

Hindus, Schema-Root news
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