UVARCL

January 28th, 2021 11:27 AM 1 COMMENTS

Aircel Looking to Monetise Assets Besides Spectrum, Report

Aircel, a former Indian telecom operator, filed for bankruptcy in 2018, is now looking to monetise its assets other than spectrum. The operator will consider appealing for the same at the dedicated bankruptcy court. Aircel wants to monetise its non-spectrum assets for paying salaries to its employees and maintain assets until the time its legal tussle with the telecom department is over. The company will transfer the money realised from... Read More

August 19th, 2020 12:43 PM 1 COMMENTS

DoT: Aircel’s Resolution Plan Made by UVARCL Against Law

Back in June, the National Company Law Tribunal (NCLT) had approved UV Asset Reconstruction Company Ltd. (UVARCL) to run Aircel’s small units such as enterprise and bulk SMS divisions. The company had to work out a resolution plan for Aircel. But now, the Department of Telecommunications (DoT) has challenged the decision of Aircel’s resolution plan. DoT believes that Aircel's resolution plan is actually a liquidation plan. The plan is not... Read More

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bharat khanna :

where are the plans?no details , whats new whats changed?

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