Tycoon's India Arm With $7.7 Billion Dues Seeks Bankruptcy Cove...

Tycoon's India Arm With $7.7 Billion Dues Seeks Bankruptcy Cover
Bloomberg
Billionaire T. Ananda Krishnan's Aircel Ltd. has asked an Indian court to initiate bankruptcy proceedings as it's unable to repay about 500 billion rupees ($7.7 billion) of dues. The mobile carrier owes about 150 billion rupees to secured financial ...
Aircel files for bankruptcy: Why consolidation is the way forward for telecom industryFirstpost

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