Home States Andhra/Telangana Debt-laden Aircel approaches NCLT to initiate bankruptcy proceedings

Debt-laden Aircel approaches NCLT to initiate bankruptcy proceedings

By
Lucky Jain
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557
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(G.N.S) Dt. 06 Mumbai Malaysian parent company Maxis, run by businessman Ananda Krishnan, had earlier proposed a cash infusion to support the debt-laden company but has pulled the plug, said one of the people. The company has been in negotiations with lenders since September but has failed to hammer out

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