{"id":1001754,"date":"2026-04-08T13:00:02","date_gmt":"2026-04-08T07:30:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1001754"},"modified":"2026-04-08T15:39:18","modified_gmt":"2026-04-08T10:09:18","slug":"rs-97545-cr-claims-under-aircel-ibc","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/04\/08\/rs-97545-cr-claims-under-aircel-ibc\/","title":{"rendered":"Rs 97,545 Cr Claims under Aircel IBC"},"content":{"rendered":"<p>Six Indian banks have lost more than Rs 44,223 Cr of \u201cadmitted claims\u201d after they refinanced the debt of Aircel group\u2019s companies that provided telecom services in India till March 2018. State Bank of India took massive hit of Rs 21,381 Cr, followed by Punjab National Bank (Rs 8,821 Cr), Bank of Baroda (Rs 6,134 Cr), Canara Bank (Rs 5,667 Cr), Syndicate Bank (Rs 1,227 Cr), and J&#038;K Bank (Rs 993 Cr). In the resolution plan, which had been accepted by Committee of Creditors and subsequently by NCLT, they will get almost nothing. <\/p>\n<p>As a collateral security, these banks just had immovable\/moveable assets, license, spectrum, and lien on equipment. A license for mobile services is worthless without a spectrum. The spectrum has been taken away by February 2026 apex court\u2019s judgement which agreed with NCLAT that spectrum cannot be given to any other party under IBC process without clearing its dues. The residual value of the equipment\/network is nearly zero.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six Indian banks have lost more than Rs 44,223 Cr of \u201cadmitted claims\u201d after they refinanced the debt of Aircel group\u2019s companies that provided telecom services in India till March 2018. State Bank of India took massive hit of Rs 21,381 Cr, followed by Punjab National Bank (Rs 8,821 Cr), Bank of Baroda (Rs 6,134 Cr), Canara Bank (Rs 5,667 Cr), Syndicate Bank (Rs 1,227 Cr), and J&#038;K Bank (Rs 993 Cr). In the resolution plan, which had been accepted by Committee of Creditors and subsequently by NCLT, they will get almost nothing. As a collateral security, these banks just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1001764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1001754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazinenews"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1001754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1001754"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1001754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media\/1001764"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1001754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1001754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1001754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}