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Bharti Airtel: Supreme Court rejects Bharti companies pleas on Aircel payments, ET Telecom

Bharti Airtel: Seeking a clarification of the SC s January 3 order that asked them to pay Aircel Rs 112 crore, the Bharti entities told a Bench led by Justice Sanjiv Khanna that since the resolution plan of UV Assets Reconstruction Company to revive Aircel did not receive the Reserve Bank of India approval, its interests must be protected in case Aircel went into liquidation.

SC turns down Airtel plea for clarification in order asking it to pay Rs 112 crore to Aircel

Supreme Court rejects Bharti companies pleas on Aircel payments

Seeking a clarification of the SC s January 3 order that asked them to pay Aircel Rs 112 crore, the Bharti entities told a Bench led by Justice Sanjiv Khanna that since the resolution plan of UV Assets Reconstruction Company to revive Aircel did not receive the Reserve Bank of India approval, its interests must be protected in case Aircel went into liquidation.

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