Team  SoOLEGAL

AIRCEL faces multiple litigation

Team SoOLEGAL 8 Feb 2018 1:51pm

AIRCEL faces multiple litigation

Mumbai :Erstwhile prominent Telco player AIRCEL's legal woes are far from over. It faces multiple litigation.American Tower Corp (ATC) is filing a case in Delhi High court for recovery of dues worth Rs 224 crore towards lease of towers.At the same time GTL has also moved Delhi High Court to recover Rs 912 crore towards outstanding dues and penalty for premature cancelling of rent agreement.

All this will have implications for debt recast plan being under taken by banks.

Tagged: AIRCEL   Delhi High Court  
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