Reliance AGR News

The Supreme Court on Wednesday dismissed the consultation on the issue of balanced gross income (AGR) dues from telecom organizations to Thursday at 2 pm. The principal features of the present hearing were Harish Salve, the guidance for both Reliance AGR News just as the Committee of Creditors (CoC) drove by the SBI relating to the offer of the range by the wiped out organizations RCom and Aircel.

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Here are the primary features from the Supreme Court hearing on the AGR installments dues case from telecom organizations today:

The meeting has been dismissed for tomorrow at 2 pm.

SC watches: We won't go into the allotment of goal plan assets between sets of loan bosses.

Harish Salve for R.Com COC to SC: Law, the permit agreement must be thoroughly applied. The permit agreement unmistakably specifies that the range is a secure fit for banks. Reliance AGR News says that Rcom not trying to flee from AGR dues, by holing up behind IBC. Banks cash is likewise open cash, over Rs 42, 000 crore owed to banks. The two banks and DOT are looking for reimbursement of open cash.

Harish Salve for R.Com COC to SC: Have the option to look for clawback of installment of Rs 570 cr made by R.Com to Ericsson.

Harish Salve for R.Com COC to SC: Banks' introduction to R.Com is over Rs 42000 crore. Banks' introduction comprises of open cash.

Harish Salve for R.Com COC to SC: If range deal not permitted, R.Com will end up going into liquidation, won't help anybody.

Harish Salve for R.Com COC to SC: No inquiry of the offer of the range without DoT gesture. Indeed, even goal candidate expresses that the arrangement includes the offer of the option to utilize range, just subject to DoT endorsement. The issue of settling on the range deal, according to rules, ought to be left to it.

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Harish Salve on Reliance AGR News, showing up for Jio and R.Com COC, will address the court on two issues: First, Reliance AGR News has completely satisfied AGR obligations. The installment of Rs 195 crore as AGR dues, isn't in question. The installment of Rs 195 cr, incorporates the common range with R.Com. Second, the issue of the offer of the range under IBC. The range can be sold under exchange rules. At a bargain under IBC - the fruitful goal candidate (UVARC) will move DOT to look for gesture available to be purchased of R.Com Spectrum - Only at that stage should the DOT take shape a conventional position. Third, there remains no lucidity yet on stunning installment.