Aircel Resolution Plan Gets a Nod from NCLT
The National Company Law Tribunal (NCLT) on Tuesday approved a resolution plan of erstwhile telecom operator Aircel, ET Telecom reports. UVARCL, an asset reconstruction firm is said to be the shortlisted buyer for Aircel’s assets. In February, the asset reconstruction company proposed a resolution plan worth Rs 6,630 crore. The publication citing “people aware” of the development said that the NCLT Mumbai bench “approved the plan but with some modifications.” Aircel,... Read More
