My Authors
Read all threads
SC resumes hearing in AGR case

NK Kaul appearing for @VideoconTelecom's resolution professional: #AGR dues stand crystallized at 1376 cr
SC: Once there is transfer of #spectrum, if it's @VideoconTelecom or @Airtel_Presence's liability, that is to be decided by us
@VideoconTelecom resolution professional: Nothing due from us, outside the corporate insolvency resolution process
@VideoconTelecom resolution professional to SC: Waterfall mechanism, @IBC apply to all govt debts as per past SC verdict (Chitra Sharma case)
SC: As per trading guidelines, past dues need to be paid before #spectrum transfer

SC: If @VideoconTelecom doesn't pay, @Airtel_Presence will have to
Senior lawyer Ritin Rai appearing for Official Liquidator for @Etisalat DB: Estimated #AGR dues mentioned in documents, don't know govt's figure

#SC: Total #AGR dues of #Etisalat are 82.46 cr
Harish Salve to SC:

2 aspects to be considered for #reliancejio

Clarification was interpreted, govt has discretion to recover #AGR amount from co they want

Govt hasn't yet claimed @RCommCare dues from @reliancejio

@RCommCare CoC has already made its submissions
Harish Salve to SC:

@DoT_India has raised demand on @RCommCare, contested its resolution plan in #NCLT, said #spectrum can't be traded

If #spectrum not traded, it goes back to govt, it doesn't get any dues

#SC: Already short of time, will hear all counsels
Kapil Sibal for @Airtel_Presence:

SC rightly said spectrum is a natural resource like air, water; no one can take its possession

Spectrum is right to use #airwaves

#Spectrum is most valuable asset with #telcos, if banks aren't allowed to deal with it, they won't lend to telcos
#HarishSalve: Right to use spectrum a valuable right, written in balance sheets

#SC: Are your account books as good to be treated as property ?
Senior lawyer Shyam Divan wraps up arguments for @RCommCare's resolution professional

Kapil Sibal for @Airtel_Presence:

Won't take much time on Monday for argument, I and Mr. Salve will take a maximum of an hour more

SC defers hearing for 4PM, Aug 24 (Monday) in #AGR case
#SC asks #DoT Secy to reply on dues to be paid by users of shared #spectrum

@DoT_India Secy to file reply on past dues, dates of grant and transfer of licenses
#SC: Suppose 23% of @RCommCare #spectrum was being used by @reliancejio, what's the amount paid by #reliancejio ?

SC: Has #AGR been paid by spectrum user as per our order ?
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Abhimanyu Sharma

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!