Feb 28 (Reuters) – Aircel :
* AIRCEL FILES FOR BANKRUPTCY
* FILED APPLICATION FOR UNDERTAKING CORPORATE INSOLVENCY RESOLUTION PROCESS FOR AIRCEL CELLULAR, DISHNET WIRELESS AND AIRCEL LTD
* ACKNOWLEDGED HAS BEEN FACING TROUBLED TIMES OWING TO INTENSE COMPETITION FOLLOWING DISRUPTIVE ENTRY OF A NEW PLAYER, LEGAL, REGULATORY CHALLENGES
* REQUESTS CONTINUED SERVICES FROM SUPPLIERS AND PARTNERS FOR THE ONGOING BUSINESS OF CO
* WOULD LIKE TO COMMUNICATE TO ALL CUSTOMERS THAT IT WOULD STRIVE HARD TO PROVIDE UNINTERRUPTED SERVICE CONNECTIVITY Source text – The Board of Directors of the Corporate Debtor (Companies listed below), today announced that they have filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 (Code)…
Read the full article at: https://www.reuters.com/article/brief-aircel-files-for-bankruptcy/brief-aircel-files-for-bankruptcy-idUSFWN1QI0SC
