Apr 15, 2021 09:19 AM IST
According to the calculation by The Department of Telecommunications (DoT), Aircel owes Rs 12,389 crore as adjusted gross revenue (AGR) dues.
- Jan 28, 2021 11:48 AM IST
Aircel and the Department of Telecommunications (DoT) are currently in a legal tussle over the spectrum sale.
- Sep 30, 2020 09:08 AM IST
The Supreme Court on September 25 allowed the NCLAT to decide on the issue of spectrum sale in the case of Aircel.
- Aug 26, 2020 02:26 PM IST
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
- Jul 14, 2020 07:30 PM IST
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.
- Jun 10, 2020 02:38 PM IST
Aircel had submitted an application under Section 10 of the IBC in February 2018 after it failed to repay loans
- Feb 20, 2020 10:43 AM IST
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.
- Feb 18, 2019 10:48 AM IST
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.
- Jan 25, 2019 08:45 PM IST
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.
- Jan 11, 2019 02:26 PM IST
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.
- Dec 19, 2018 07:20 PM IST
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.
- Oct 08, 2018 11:01 AM IST
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.
- Sep 20, 2018 10:16 PM IST
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
- Jul 02, 2018 08:34 PM IST
Airtel plans to expand its network footprint in the state to 11,400 mobile sites by the end of H1 FY2019.
- Jun 14, 2018 02:26 PM IST
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
- Jun 13, 2018 05:56 PM IST
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.
- Apr 26, 2018 08:27 PM IST
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.
- Apr 23, 2018 09:45 PM IST
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.
- Apr 02, 2018 05:21 PM IST
Maxis, headquartered in Malaysia, has been working closely with the bankrupt Aircel for emergency infusion of funds, according to sources
- Apr 02, 2018 03:55 PM IST
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.
- Apr 01, 2018 11:57 AM IST
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.
- Mar 28, 2018 06:45 PM IST
24 out of 50 companies reported losses before tax during 2016-17, the government said.
- Mar 27, 2018 05:43 PM IST
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
- Mar 07, 2018 03:38 PM IST
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.
- Mar 06, 2018 09:21 PM IST
Last week Aircel said it has filed for bankruptcy as the company has been facing "troubled times" in a "highly financially stressed" industry.