Aircel files for bankruptcy under insolvency code

New Delhi : Aircel on Wednesday filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 for undertaking Corporate Insolvency Resolution Process (CIRP) for Aircel Cellular Limited, Dishnet Wireless Limited, and Aircel Limited, a company statement said here. “The Board of Directors of the company acknowledged that it has been facing troubled […]

Idea suspends interconnect services with Aircel

New Delhi : Telecom service provider Idea Cellular on Wednesday said it has suspended interconnect services with Aircel due to non-payment of dues. “Despite several reminders for releasing the dues since November 2017, the operator has failed to meet its payment commitments forcing Idea to suspend interconnect services, as per the terms of interconnect agreement […]