Connect with us

Daily News

Liquidation Worry as Aircel Struggles

Unrest is brewing at bankrupt Aircel, where there’s been no sign of progress on selling assets as the insolvency resolution process passes the midway stage, prompting fears the company may be headed for liquidation. At a meeting last week, lenders rejected proposals to sell the telco’s optic fibre network and scrap and to pay a part of already-delayed salaries. – Indian Money

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!