Aircel may sell non-spectrum assets to stay afloat

Mumbai: Aircel is considering filing an appeal in the dedicated bankruptcy court to allow it to sell other assets besides spectrum and use the money for maintenance and paying salaries till the legal battle over airwaves between the telecom department and the defunct telecom operator is resolved. “An option is to appeal to the NCLT (National Company Law Tribunal) to allow us to sell assets, besides spectrum, put money in the escrow account and

Source link