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  • Aircel lenders may approach Supreme Court after NCLAT bars spectrum sale: Report Apr 15, 2021 09:19 AM IST

    Aircel lenders may approach Supreme Court after NCLAT bars spectrum sale: Report

    According to the calculation by The Department of Telecommunications (DoT), Aircel owes Rs 12,389 crore as adjusted gross revenue (AGR) dues.

  • Aircel might seek NCLT permission to sell non-spectrum assets: Report Jan 28, 2021 11:48 AM IST

    Aircel might seek NCLT permission to sell non-spectrum assets: Report

    Aircel and the Department of Telecommunications (DoT) are currently in a legal tussle over the spectrum sale.

  • DoT to oppose Aircel, RCom spectrum sale unless AGR dues paid: Report Sep 30, 2020 09:08 AM IST

    DoT to oppose Aircel, RCom spectrum sale unless AGR dues paid: Report

    The Supreme Court on September 25 allowed the NCLAT to decide on the issue of spectrum sale in the case of Aircel.

  • RBI rejects resolution plan to sell Aircel's assets to UVARC: Report Aug 26, 2020 02:26 PM IST

    RBI rejects resolution plan to sell Aircel's assets to UVARC: Report

    The RBI said the Aircel resolution plan did not conform to the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002

  • NCLAT directs Bharti Airtel, Bharti Hexacom to pay Rs 112 crore to Aircel Jul 14, 2020 07:30 PM IST

    NCLAT directs Bharti Airtel, Bharti Hexacom to pay Rs 112 crore to Aircel

    Bharti Airtel and Bharti Hexacom had paid Rs 341 crore to Aircel and Dishnet Wireless but had retained Rs 112 crore to set off the dues owed by Aircel entities to Airtel entities.

  • NCLT approves Aircel resolution plan even as ARC offers only 1.5% of Rs 20,000 crore bank dues: Report Jun 10, 2020 02:38 PM IST

    NCLT approves Aircel resolution plan even as ARC offers only 1.5% of Rs 20,000 crore bank dues: Report

    Aircel had submitted an application under Section 10 of the IBC in February 2018 after it failed to repay loans

  • Aircel-Maxis: Delhi court grants time till May 4 to CBI, ED to complete probe Feb 20, 2020 10:43 AM IST

    Aircel-Maxis: Delhi court grants time till May 4 to CBI, ED to complete probe

    The Enforcement Directorate told Special Judge Ajay Kumar Kuhar that Letters Rogatory (LRs) have been sent to four countries and their response were awaited in connection with the case.

  • Aircel-Maxis case: Protection from arrest to Chidambaram, Karti extended till March 8 Feb 18, 2019 10:48 AM IST

    Aircel-Maxis case: Protection from arrest to Chidambaram, Karti extended till March 8

    The ED told Special Judge O P Saini that Karti Chidambaram has been asked by the agency to appear before it on March 5, 6, 7 and 12 for questioning in the cases.

  • Aircel wants more time for fresh bids,citing 127days lost in SC Jan 25, 2019 08:45 PM IST

    Aircel wants more time for fresh bids,citing 127days lost in SC

    The IBC-mandated 270 days for a resolution is already over for the bankrupt company and it wants the National Company Law Tribunal (NCLT) to exclude the 127 days it spent in fighting the case against government and Airtel at the apex court and won.

  • Aircel-Maxis case: Protection from arrest to P Chidambaram extended till February 1 Jan 11, 2019 02:26 PM IST

    Aircel-Maxis case: Protection from arrest to P Chidambaram extended till February 1

    Special CBI Judge O P Saini put up the matter for February 1 after Solicitor General Tushar Mehta, appearing for the CBI, told the court that the ongoing probe was about to be completed.

  • Madras HC stays I-T demand notices on Aircel, Dishnet Wireless Dec 19, 2018 07:20 PM IST

    Madras HC stays I-T demand notices on Aircel, Dishnet Wireless

    Hearing petitions from the two Chennai-based group companies, Justice T Raja directed the I-T department to keep in abeyance the March 31 proceedings consequent to the demand notices issued on March 2 till the disposal of their applications for bankruptcy pending before the National Company Law Tribunal (NCLT) bench.

  • Telecom sector may shed over 60,000 jobs: Report Oct 23, 2018 10:13 AM IST

    Telecom sector may shed over 60,000 jobs: Report

    The industry body, however, feels that the worst is over and companies are looking to hire in areas such as artificial intelligence (AI) and big data

  • Court extends interim protection from arrest granted to Chidambaram, son in Aircel-Maxis case Oct 08, 2018 11:01 AM IST

    Court extends interim protection from arrest granted to Chidambaram, son in Aircel-Maxis case

    Advocates appearing for the CBI and the ED, Additional Solicitor General Tushar Mehta and Nitesh Rana, told the court that the agencies required time to file a detailed reply and argue on the application filed through Chidambaram's lawyers P K Dubey and Arshdeep Singh.

  • Airtel, Sterlite Tech, two investment firms in race to buy Aircel assets Sep 20, 2018 10:16 PM IST

    Airtel, Sterlite Tech, two investment firms in race to buy Aircel assets

    Banks, however, believe that the best option for the company would be to sell the assets in a lump sum to one entity as opposed to a group of companies

  • Airtel crosses 50 lakh customers mark in J&K Jul 02, 2018 08:34 PM IST

    Airtel crosses 50 lakh customers mark in J&K

    Airtel plans to expand its network footprint in the state to 11,400 mobile sites by the end of H1 FY2019.

  • Aircel, 2 other companies come under SFIO lens Jun 14, 2018 02:26 PM IST

    Aircel, 2 other companies come under SFIO lens

    The Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities at debt-laden Aircel as well as two group entities -- Aircel Cellular and Dishnet Wireless

  • SFIO begins probe into Aircel on suspicion of siphoning funds Jun 13, 2018 05:56 PM IST

    SFIO begins probe into Aircel on suspicion of siphoning funds

    A source told Moneycontrol that the MCA’s Registrar of Companies had carried out an extensive investigation into these companies and found several instances of funds being siphoned off.

  • Serving, retired top officials of IDBI Bank booked by CBI in Rs 600-crore loan fraud Apr 26, 2018 08:27 PM IST

    Serving, retired top officials of IDBI Bank booked by CBI in Rs 600-crore loan fraud

    The CBI has named 15 bank officials who worked at senior levels at IDBI Bank in 2010 and 2014 when loans were sanctioned to the companies controlled by Sivasankaran in its FIR registered on a complaint from the Central Vigilance Commission, they said.

  • Trai directs Aircel to refund unspent balance to subscribers Apr 23, 2018 09:45 PM IST

    Trai directs Aircel to refund unspent balance to subscribers

    In a directive, the Telecom Regulatory Authority of India (Trai) said it had received a large number of complaints from subscribers of Aircel Group seeking refund of balance amount in prepaid accounts and non-refund of security deposits in case of postpaid accounts.

  • Parent company comes to the rescue of bankrupt telco Aircel Apr 02, 2018 05:21 PM IST

    Parent company comes to the rescue of bankrupt telco Aircel

    Maxis, headquartered in Malaysia, has been working closely with the bankrupt Aircel for emergency infusion of funds, according to sources

  • Maxis provides Rs 95 cr to Aircel for employee salaries, expenses Apr 02, 2018 03:55 PM IST

    Maxis provides Rs 95 cr to Aircel for employee salaries, expenses

    A source privy to the development said that the funds are being provided as a "goodwill" gesture from Maxis, which holds close to 74 percent stake in Aircel.

  • BSNL approaches DoT for recovery of Aircel's outstanding dues Apr 01, 2018 11:57 AM IST

    BSNL approaches DoT for recovery of Aircel's outstanding dues

    The telecom PSU, in a letter to the Department of Telecom (DoT), has also said it is exploring options including legal remedies for recovery of its outstanding dues of about Rs 42 crore.

  • Telcos' pre-tax losses widen to Rs 38,153 crore in 2016-17 Mar 28, 2018 06:45 PM IST

    Telcos' pre-tax losses widen to Rs 38,153 crore in 2016-17

    24 out of 50 companies reported losses before tax during 2016-17, the government said.

  • 5,000 Aircel employees await their salaries as firm is in shutdown mode Mar 27, 2018 05:43 PM IST

    5,000 Aircel employees await their salaries as firm is in shutdown mode

    More than 5,000 employees of Aircel are waiting for their salaries due for the past two months in various regions the company was operational in

  • Aircel may opt for management bid to operate till resolution process kickstarts Mar 07, 2018 03:38 PM IST

    Aircel may opt for management bid to operate till resolution process kickstarts

    The top management was expected to go to Malaysia in a few days to discuss the plan of action as further investment in the company was unlikely.

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