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Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

Finance

28 August, 2020

Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

The resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC) has hit a big stumbling block with the ......

Aircel lenders approve UV ARC's bid, to get less than 1% of dues

TMT

18 May, 2019

Aircel lenders approve UV ARC's bid, to get less than 1% of dues

UV Asset Reconstruction Company Ltd has received approval of the lenders to Aircel Ltd to buy the debt-laden telecom company ......

Ericsson drags RCom, two units to bankruptcy court

TMT

13 September, 2017

Ericsson drags RCom, two units to bankruptcy court

Ericsson India Pvt. Ltd has approached the Mumbai bench of the National Company Law Tribunal against three Anil Ambani-promoted companies, ......

NCLT dismisses Ericsson's opposition to RCom-Aircel merger

TMT

14 August, 2017

NCLT dismisses Ericsson's opposition to RCom-Aircel merger

The National Company Law Tribunal has set aside the objection raised by Ericsson India Pvt. Ltd, an operational creditor to ......