BSNL Opts for Legal Pathway In Order to Recover Rs 42 Crore from Aircel

BSNL is gearing up for a legal battle in order to recover its dues from the bankrupt telco, Aircel. Joining the likes of Idea Cellular and Vodafone India, the telco is making attempts left, right and centre to receive the leftover payment which the bankrupt entity has strung along. However, BSNL is not the only one. The state-owned telco is seeking legal opinion to recover Rs 42 crore from Aircel. Chief Managing Director of BSNL, Anupam Shrivastava also had some insights to share. He said to ET Telecom that “BSNL has already encashed various bank guarantees worth Rs 32.22 crores. We are trying to find a legal framework for encashing guarantees kept for other activities such as interconnection usage charge (IUC) and porting.”

bsnl-aircel-issues

After resorting to other ways like bank guarantees and following a failed attempt at reaching out to the telco, the state-owned entity decided to write to the telecom ministry in order to seek another way of repayment. Through the other ways, BSNL was only able to secure Rs 32.2 crore of the actual Rs 42 crore amount. It is noteworthy that Aircel announced its bankruptcy in the month of February citing reasons like excessive competition and growing losses.

Now the Interim Resolution Professional, which in this case happens to be Deloitte’s Vijaykumar Iyer, has been appointed for debt restructuring of the firm. He is also the one handling the repayment of the dues, and managing the company. However, the IRP clearly highlighted that the company will have to pump additional Rs 200 crore urgently in order to fuel the company’s infrastructure and to keep the operations running.

The telco which had filed for bankruptcy in the National Company Law Tribunal (NCLT) is buried under the debt of Rs 50,000 crore out of which Rs 19,000 crore it owes in the loan to various banks. Its tower partner GTL Infrastructure is also on the lookout of recovering dues of Rs 1,000 crores alone from the bankrupt telco.

It remains to be seen how BSNL recovers its dues of Rs 42.5 crores on account of intra-circle roaming (ICR), interconnection usage charge and tower sharing from Aircel.

Read more on:

Arpit spends his day closely following the telecom and tech industry. A music connoisseur and a night owl, he also takes a deep interest in the Indian technology start-up scene and spends rest of his time spilling poetry and stories on paper.

17
Leave a Reply

avatar
Photo and Image Files
 
 
 
4 Comment threads
13 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
12 Comment authors
sachinSunny | LucknowChetanKunalsaket Recent comment authors
newest oldest most voted
Sunny | Lucknow
Sunny | Lucknow

Yes only BSNL has the right to waste its money, nobody else! Bad bad Aircel!

Animesh Sengupta
Animesh Sengupta

Off Topic # No TATA Docomo network in Pune # Phone latches on to Airtel on Roaming Mode # Any insight on what is happening.I am aware of a possible upcoming merger on the cards, but why No Network #

Kaushik IMA
Kaushik IMA

Migration to airtel network commencing.

I am observing the same in Mumbai.

Sanjit Roy Thakurnagar, wb
Sanjit Roy Thakurnagar, wb

Bro ek baat toh hai airtel jaisa ignorant telecom company shayad dusra India mein aur koi nehi, yaar kuch bhi karlo network complaints kabhi bhi solve nehi karegi yaha tak ki call back bhi nehi karti hai, mushkil se baar baar twitt karne par call back karti thi woh bhi aaj kaal poori tarha se band kardi hai, aur appellate authority or nodal desk ka IVR toh aaj kaal service request ka last 6 digit ka reference number enter karne par reply ata hai invalid hai, yani airtel jaan buj kar complaints ignore karti hai taki kam se kam work… Read more »

Sayak Roy
Sayak Roy

Airtel’s backend is horrible.

Sudhakar
Sudhakar

Docomo network is there in Mumbai

Kaushik IMA
Kaushik IMA

Is not there in all places at least because in my home I can see my Docomo numbers are always showing network name Airtel with R symbol.

Chetan
Chetan

Tata Docomo has given termination letter for its towers to ATC Ltd . They r switching off their towers in run up to merger with Airtel to save cost. All subscriber will shift to Airtel 2g 3g network for time being on icr mode.. and permanently when merger is concluded…

saket
saket

this is happening from last 3-4 months Tata has officially sent sms and other communication regarding shutdown of its CDMA/EVDO network in whole country in month of Feb/March also continueing shutdown of 2G and 3G network. this is as per airtel intruction to remove duplicacy of co-located tower rentals. thirdly as seen in case of telenor, total subsciber base is continous decliging mode in every circle of tata and telenor. this point out that customer has stop using sim ( i mean dual sim) or actively PORTED out to JIO/AVOID. I personally recommend every telenor/tata user to port-out to jio… Read more »

Kunal
Kunal

Tata post paid mumbai sim is working all over mumbai & maharashtra on airtel 3g/2g network.

But once i enter gujarat circle , the network goes off. There is no coverage through out gujarat . Even manually it is not allowing to latch airtel 2g/3g.

Chetan
Chetan

@kunal, Yes this is what I highlighted for Telenor and Airtel merger case also. The day Telenor merger got completed , Telenor switched off its tower and certain customer were not able to latch onto Airtel network inspite of Airtel claiming the transition is seamless and all Telenor customers can latch onto its network . This all happened because of multi vendor technology of Telenor and Airtel. Both uses seperate onboarding tools, customer sim data transition issues. Glitches around tansition is obvious.. same will be faced by Vodafone idea customers too….

Recent Posts

Airtel Offering Up to 126GB Free Data Benefits on Purchase of 4G Hotspot Device

For a lot of telecom subscribers, a different way to connect to the internet is through a Wi-Fi hotspot device....

Vodafone Prepaid Users Can Avail Amazon Prime Membership for Rs 499: Here’s How

These days, telecom operators are finding new ways to lure subscribers and increase their user base. And the frontrunner on...

Airtel Digital TV Slashes HD and SD Set-Top Box Prices By Rs 200 to Take on Tata Sky

Just like the telecom industry, the DTH industry in India has also grown very competitive in the past few months....