Aircel has formally filed for bankruptcy. The company in a statement on Thursday said that it has “filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 for undertaking Corporate Insolvency Resolution Process.” The
Aircel has formally filed for bankruptcy. The company in a statement on Thursday said that it has “filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 for undertaking Corporate Insolvency Resolution Process.” The application has been filed for Aircel Cellular Limited, Dishnet Wireless Limited and Aircel Limited.
This is the start of the bankruptcy process, although the bankruptcy is not something that is the confirmed outcome of the process. The court will now ap…
Read the full article at: https://www.indiatoday.in/technology/news/story/aircel-files-for-bankruptcy-future-of-over-84-million-subscribers-uncertain-1179407-2018-02-28