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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

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