Idea Cellular and Vodafone India Gear Up for Legal Battle Against Aircel to Recover Dues

Aircel might be stepping onto another legal battle as Idea Cellular and Vodafone India gear up to take action against the telecom company which is already under the weight of bankruptcy. Airtel and Idea might be the first companies to take such a step in these regards, according to the people following the matter. The two major telcos are taking this drastic step to recover their dues from Aircel. According to a report from Economic Times, Aircel owes approximately Rs 60 crores and also the interconnect usage charges (IUC) to Idea Cellular. Also, Aircel owes a similar due to the telecom giant Vodafone India.

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Aircel which is owned by Malaysia’s Maxis might find itself surrounded in legal battles from two of the biggest telecom giants in the country if it fails to pay back the dues in right time. Speaking from anonymous sources, the two big telcos already have started laying out the ground plan for legal proceedings.

Deloitte’s Vijaykumar V Iyer, who has been appointed as the Interim Resolution Professional, will be the one overseeing the dues payback if the two operators approach the company for the same. In the case of any dispute arising regarding the matter, the two claimant telcos would have to step forward to the National Company Law Tribunal (NCLT) then.

On being questioned regarding the same Iyer kept silence about the matter saying “We are bound by confidentiality obligations and are unable to comment on client-specific matters,” as reported by ET.

Owing to the hefty amount of due, both the top telecom companies Idea Cellular and Vodafone India who happen to be in the middle of a merger right now have already put a hold on their services (interconnection) for Aircel. This means that Aircel customers will not be able to make calls on Idea or Vodafone network, and vice versa.