Page 33 - Banking Finance July 2022

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challenge is conversion of part of loan to equity as the code.It is having a blend of both formal and informal options.
stressed assets remain highly leveraged as capital and The main objective of Pre-pack insolvency resolution process
reserves get adversely impacted with losses. It requires an was to provide an alternative insolvency resolution process
infusion of fresh equity for payment of part of the debt to to the viable stressed MSMEs.Under the code no two
address this issue, the corporate debtor may find it proceeding Prepack Insolvency Resolution Process and
challenging to bring new investor and raise fresh equity at Corporate insolvency resolution process shall run parallel. As
a level which can reduce the debt at a sustainable level. resolution under Pre-pack Insolvency Process is time bound
with maximum period of 120 days and it is important to note
Thus, Financial creditor may consider the conversion of the that the role of Insolvency Resolution Professional is very
part of the debt in equity. Under Base Resolution plan much important in success of PIRP and balancing the interest
submitted by corporate debtor which is approved by CoC and of all stakeholder, promoters and secured creditors.
Adjudicating authority under PIRP. Whether the guarantees However, with the increase in the trend of out of court
and collateral security provided to financial creditors against settlement. Prepack insolvency could very well be the next
the loan facilities shall also get released or financial creditors alternative solution to regular legal measures
can start the process under IBC or any other recovery
measure for recovery of dues from them for balance References:
amount. 1. www.iba.org.in
2. Economictimes.com
Conclusion: 3. www.ibbi.org.in
Pre- pack provide a framework for resolution under the 4. www.rbi.org.in

The Department of Telecommunications (DoT) and India’s public service broadcaster Prasar Bharati are exploring the
feasibility of a technology that allows to broadcast video and other forms of multimedia content directly to mobile
phones, without needing an active internet connection.
The technology is based on the convergence of broadband and broadcast, using which mobile phones can receive
terrestrial digital TV. It would be similar to how people listen to FM radio on their phones, where a receiver within
the phone can tap into radio frequencies. Using D2M, multimedia content can also be beamed to phones directly.
The idea behind the technology is that it can possibly be used to directly broadcast content related to citizen-centric
information and can be further used to counter fake news, issue emergency alerts and offer assistance in disaster
management, among other things. Apart from that, it can be used to broadcast live news, sports etc. on mobile phones.
More so, the content should stream without any buffering whatsoever while not consuming any internet data.

For consumers, a technology like this would mean that they would be able to access multimedia content from Video
on Demand (VoD) or Over The Top (OTT) content platforms without having to exhaust their mobile data, and more
importantly, at a nominal rate. The technology will also allow people from rural areas, with limited or no internet
access, to watch video content.

For businesses, one of the key benefits of the technology is that it can enable telecom service providers to offload
video traffic from their mobile network onto the broadcast network, thus helping them to decongest valuable mobile
spectrum. This will also improve usage of mobile spectrum and free up bandwidth which will help reduce call drops,
increase data speeds etc.
The Department of Telecommunications (DoT) has set up a committee to study the feasibility of a spectrum band for
offering broadcast services directly to users’ smartphones, DoT Secretary K Rajaraman said on Wednesday. “Band
526-582 MHz is envisaged to work in coordination with both mobile and broadcast services. DoT has set up a committee
to study this band,” he said. At the moment, this band is used by the Ministry of Information & Broadcasting across
the country for TV transmitters.

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