Aircel, Rcom Might Resort to Liquidation After NCLAT Decision: Report
Last week, The National Company Law Appellate Tribunal (NCLAT) announced its verdict in the Aircel vs the Department of Telecommunications (DOT) case. The verdict had a direct effect on the resolution plans of Aircel and Reliance Communication Ltd. (RCom) The resolution plan of UV Asset Reconstruction Company Ltd. (UVARCL) for Aircel was approved in June 2020. However, according to an IANS report, experts believe that NCLAT's decision has rendered the... Read More
