Move will help India achieve $190-billion handsets manufacturing target: ICEA
The National Company Law Tribunal (NCLT) has asked the telecom department to file a reply within next 7 days and asked RP to send a rejoinder within 7 days of receiving the reply.
RCom says Swedish telecom equipment company should not have got its dues when other creditors are still awaiting proceeds
RCom in May this year had mentioned that GCX’s value was eroding.
The issues of poor voice and data likely to be discussed at Digital Communications Commission meeting.
To save themselves from price uncertainties, execs want cash over stock options as long-term incentives.
Deloitte sought the refund, saying the Swedish company had to be treated at par with other operational creditors and that the insolvency resolution process that Ericsson had initiated against RCom had resumed.
53 lenders have raised claims of Rs 57,382 cr, of which Rs 49,223 cr had been verified by Deloitte.
The latest initiative by Vodafone Idea is being offered to select subscribers through messages.
Funds have fallen to a trickle, and the RP is just about keeping it alive to get a good price for assets.
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