Property puzzle traps MTNL debt relief
He said that the lenders stopped because of the pavements on the sale of these assets and land use norms against the purchasing and adjustment of property from the tender -fired f in the default.
“Banks suggested to buy some of MTNL’s properties, but they were not the same. If the bid was cleaned, we could adjust it to the fees.” He said.
The banker said that MTNL could make money La5,000 CRORE allows him to repay more than half of unpaid bank loans if he dismisses land and ownership assets. MTNL Borrowed Banks LaAs of June 30, 8,585 Crore. Exceeds the general debt La33,000 crore.
Although the government allows assets to be sold to central government organizations, state government organizations and public sector banks without auction, it does not give banks directly to the purchasing of this property and solving the dues.
Secondly, many of MTNL – especially those in Mumbai – were allocated by the government for certain public or operational uses such as telecom. Protectors make it difficult to easily sell or transfer such land to other organizations. A person said that any change in ownership or purpose will probably require a long and complex process of more than one state approval layer.
A second banker said the debate on making money from MTNL’s property continued and that the issue was in the hands of the central government.
“We hope for a decision because it is a dominant being. However, banks cannot have custody of land and property,” he said.
Auction way
Last month, a secretary committee, Bharat Sanchar Nigam Ltd (BSNL) approved its plan to allow the transfer of immovable assets to the MTNL and the MTNL to the government and its departments, government governments and public sector banks and legal bodies. However, there is a capture.
“Any sales revenue will come to MTNL first. There is no provision for the regulation of loans through asset acquirement.” However, they only agreed to quit 10% and waiting for decisions.
According to the new guidelines, they will have to pay 2% of the property value of government organizations interested in acquiring MTNL’s properties.
On the way to auction, if the two agencies are interested in an asset, the central government organizations will be preferred. Central ministries and other government offices have the right to first reject assets. According to the guidelines, there are 90 days to express their interest in acquiring property, where assets cannot be auctioned.
“The auction is the only way in which special players can buy MTNL properties.” He said.
There is also a protocol for the valuation of MTNL’s assets. MTNL card, La10 Crore. For property La10 CRORE AND La100 Crore, the Ministry of Public Works under the Ministry of Housing and Urban Affairs will carry out the valuation of the Ministry of Public Works. For ovarian properties La100 Crore will perform the valuation of the national land -making company under the Ministry of Public Enterprises.
Land use specified
An important problem with the sale of MTNL’s assets is that most of them have property problems, especially in Mumbai. He also said that there are some reservations or land use appointments on properties that prevent the expectations of making money by the Maharashtra government.
“There are buildings given to MTNL for a certain use in Mumbai, and it is not easy to re -allocate it to the seller who will use it for another purpose,” he said.
MTNL was founded in 1986 and offers fixed line telecommunication services in new Delhi and Mumbai. BSNL offers services for the rest of the country.
MTNL also offers areas under Mumbai Municipality, Mumbai Municipality, New Mumbai Corporation and Than Munivational Corporation, with the peripheral towns of Mobile Services and Noida, Gurgaon, Faridabad and Ghazabad and Ghazabad and Mumbai City in Delhi.
Total dues on 30 June 2024 La7.780.21 Crore according to stock market statements. He classified the Consortium leader of the Indian Bank-Kredi as the leader of the Consortium in August 2024 as bad, then the Indian Bank, Punjab National Bank, Indian State Bank and UCO Bank.
The department of E -mail and telecommunications sent to the Indian Union Bank remained unanswered.
The problems of the telecom provider cannot keep up with the back of fixed line customers who have decreased in the last decade and to the infrastructure progress of special competitors.
Revival initiatives
The government tried to revive Mtnl and Bsnl. In 2019, the government is one La69,000 Crore revival package for these companies. In 2022, the government approved a second revival package for BSNL and MTNL. La1.64 trillion.
As of January 1, 2025, BSNL took over the operational activities of MTNL. However, MTNL’s assets and debt were not transferred to BSNL.
MTNL has lost losses for the last 11 years and FY25 loss LaAccording to Bloomberg’s data, 3,323.4 Crore.
Analysts were careful following MTNL’s bank loan default. Crisil Ratings, on June 3, June 2024 due to extended liquidity due to ongoing delays due to the ongoing delays for MTNL, he said he confirmed the default rating again.
“The financial risk profile weakened due to permanent delays in the debt service of non -guaranteed facilities,” he said.
