Aircel said the company isn’t accused in the case against Maran and if the government takes coercive action before the next hearing on Feb 3, it could be “fatal” for the company.
Retailers and industry insiders say Pixel sales have not taken off mainly thanks to very high prices – Rs 57,000 upwards – and the greater brand pull of Apple’s iPhones.
In its plea to the apex court, the lenders said that shares of Aircel are secured with them and cannot be transferred or sold by shareholders without their consent.
Bankers say nearly Rs 30,000-crore debt will become unserviceable if the apex court cancels the telco’s licence.
Prepaid customers should exhaust their balance and subscribers being billed monthly should clear their dues before moving to other carriers, the company said.
Micromax's co-founder Rahul Sharma said the company would be profitable this fiscal year.
Aircel said its business and operation are continuing as usual and it remained committed to provide continued services to subscribers.
Jio’s VoLTE feature phones are likely to have front-facing and rear cameras, and may come bundled with apps such as Jio Chat, Live TV and video-on-demand.
The solution is integrated with the B2X Smartcare Technology platform that provides real-time visibility on all service interactions and the entire.
Aircel plans to say spectrum belongs to the company, a separate entity, and not Maxis, a person directly aware of the development told ET, asking not to be identified.
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