Justice MR. Shah said, "If you do not appeal fast then how can you stop the sale of spectrum." Justice Shah said that if the sale of spectrum happens during this period, then what will you do.
Supreme Court Anil Ambani's bankrupt company Reliance Communications and Aircel have questioned the government about the sale of spectrum. The top court said that if these companies sell their entire assets, then how will you be able to recover the dues? Surprising the decision of the companies, the top court has asked the government, what is your plan to recover the AGR dues of Rs 43,000 crore on these companies. Following these observations made by the Supreme Court on Monday, there can be a change in the resolution plan of Reliance Communications and Aircel. Let us know that Aircel's properties have already been allowed to be sold by the Insolvency Court, but till now a decision has been taken regarding RCom.
The three-judge bench headed by Justice Arun Mishra said that after all Why is the government not showing speed for justice from the Supreme Court in this case. After all, where is the matter stuck. Justice MR included in the bench Shah said, "If you do not appeal fast then how can you stop the sale of spectrum." Justice Shah said that if the sale of spectrum happens during this time, what will you do. Actually, during the hearing of the case, the Solicitor General Tushar Mehta had argued that an appeal was filed by the National Company Law Tribunal and the National Company Law Appellate Tribunal for approval to sell the assets, which is awaiting hearing. It was on this logic of Mehta that the Supreme Court said that if you do not show speed to justice, how can you stop the sale of spectrum.
Anil Ambani's company RCom and Airless said that spectrum is their main asset and if they If you do not sell, then the plan for monetization will fail. The Solicitor General argued against it, saying that spectrum is a national asset and cannot be sold. He said that as a trustee of the public, it is within the purview of the government.
31,000 crore government dues on Anil Ambani's company: Mehta said that the resolution process in the case of Aircel has been completed, but now with regard to RCom It has not been decided. He said that the AGR dues on Reliance totaled Rs 31,000 crore, including license charge, usage charge of spectrum. Recently, according to the affidavit given by the Telecom Department in the Supreme Court, RCom owed the government Rs 25,194.58 crore, which has now increased.
Yes Bank has taken over the head office of Anil Ambani: Recently Yes The bank had taken over the Reliance Center, the headquarters of the Anil Dhirubhai Ambani Group. The bank has taken this action on non-payment of dues of Rs 2,892 crore. Apart from occupying this plot of 21,432.28 square meters, the bank has taken over another property located on Veer Nariman Road in Mumbai. Yes Bank owes a total of over Rs 12,000 crore to Anil Ambani's group.
RCom was formed under the leadership of Dhirubhai Ambani: Reliance Communications ceased operations in 2019 by declaring itself bankrupt and insolvency and backups The insolvency process was applied for under the code. This company was started in 200, under the efforts of Dhirubhai Ambani, which was acquired by Anil Ambani after the split with Mukesh Ambani. However he could not run this company and RCom completely derailed especially after the introduction of 4G technology.