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Ericsson ECP-102 : Ercisson Certified Technology - IP Exam

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Test Number : ECP-102
Test Name : Ercisson Certified Technology - IP
Vendor Name : Ericsson
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Ericsson Question Bank

AGR hearing Highlights | SC adjourns hearing on telcos beneath insolvency to August 14 | ECP-102 exam Cram and exam dumps

The Supreme courtroom (SC) on August 10 adjourned the hearing on telecom companies beneath insolvency to August 14, while gazing that the govt should come organized with a plan for recuperation of dues from the telcos under insolvency, CNBC-TV18 has pronounced.

A Supreme court bench comprising of Justices Arun Mishra, S Abdul Nazeer and MR Shah heard the case. youngsters, there continues to be no clarity on the query of time duration to receive to telcos for compensation of their respective AGR dues. whereas Bharti Airtel and Vodafone thought had sought 15 years' time for repayment of dues, the government had recommended a time-body of two decades.

As Justice Arun Mishra is set to retire on September three, an order on the staggered repayment time frame is likely before that.

The SC had on July 20 reserved its order on enabling telecom companies to make staggered funds over 15 years.

also examine: Telecom shares alternate combined ahead of SC's AGR hearing; Vodafone idea gains, RCom down 4%

SC observations:

>> Justice Arun Mishra pointed out "We desire to go into explanation for initiation of insolvency for telcos beneath IBC. They desire an realizing of their incredible liabilities, urgency in pushing for insolvency."

>> Justice Mishra: "If RCom had settled the payment dispute with Ericsson, why become the CIRP technique allowed to proceed?"

>> Justice Mishra "SC orders binding on all courts, how can IBC proceedings be revived by using NCLAT regardless of fee by using RCom to Ericsson?"

>> How can it be decided for the resolution plan proceeds to be paid best to banks, and nothing to DoT for AGR?

>> what's the govt's stance? It appears the govt. will get nothing from the IBC manner. what's the plan to recover Rs 31,000 crore from R.Comm?

>> government need to come organized with a plan for recovery of dues from telcos below insolvency.

Solicitor universal Tushar Mehta to SC:

>> quantity recoverable from Reliance Communications (RComm) is Rs 31,000 crore.

Senior recommend Shyam Divan, RCom's decision knowledgeable, to SC:

>> Ericsson's declare turned into Rs 1,677 crore. Have submitted details as sought by the SC. Insolvency began by reason of claims claims made via operational creditor Ericsson, China construction financial institution.

>> After banks did not promote belongings of RCom, the telco and lenders agreed for CIRP technique to proceed.

>> resolution plan pending earlier than NCLT, COC has given 100 percent approval. RCom owes Rs 49,054 crore to banks. RCom's simple asset is the spectrum, it may also be bought or monetised beneath the IBC to understand price for banks.

Senior advocate Ravi Kadan performing for Aircel to SC:

>> decision plan has been accredited by Committee of collectors (CoC) and the NCLT. AGR dues are of Rs 12,389cr. After the takeover with the aid of the resolution applicant, belongings may also be sold to elevate cash. Spectrum is transferrable, will also be sold and acquired. No money goes to operational creditors, in compliance with the IBC. Insolvency technique changed into initiated by way of the company itself in February 2018.

here's a quick recap of what came about at the old hearing:

The appropriate court had in October 2019 upheld the multiplied definition of AGR set by way of branch of Telecommunications (DoT).

>> Vodafone thought has to pay a steadiness of Rs 50,399 crore, whereas Bharti Airtel's miraculous amount is Rs 25,976 crore, said Solicitor ordinary Tushar Mehta spoke of on July 20.

>> both the telecom majors, which owe the highest amounts, had on July 20 revised their demand from 20 years to 15 years for the staggered funds after Supreme court's stringent stance on price duration.

>> The SC is expected to keep on with its commentary that self-evaluation of AGR-related dues through telecom companies is not allowed, and should uphold the DoT's estimates.

also read: AGR case highlights | SC reserves order on time to be allowed for staggered reimbursement of AGR dues

>> The SC had objected to any re-evaluation or re-calculation of the stunning quantities, and is not going to deliver any relaxation in this regard on August 10.

>> The SC could additionally provide more clarity on whether spectrum as a protection against AGR-linked fantastic funds. "The spectrum itself acts as a security for ensuring charge of AGR dues," Solicitor established Tushar Mehta stated on July 20.

>> Reliance Communications, Videocon and Aircel were asked to submit all records and details of insolvency within seven days, after the SC had wondered if the IBC is being misused through the corporations.

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