GTL Infra moves NCLT against Aircel; Tower Co wants dues back from Maxis

Yet another corporate war is brewing in bankruptcy courts, with telecom tower company GTL Infrastructure moving the National Company Law Tribunal (NCLT) against Malaysia’s Maxis owned Aircel Ltd on Monday asking the Tribunal not to allow any of its directors and top management to travel outside India till the matter is settled with its creditors. Aircel owes Rs 170 billion to lenders and Rs 5 billion to GTL Infrastructure.

"We have urged NCLT to take suitable actions to make key officials and management of Aircel accountable for clearing our dues. If a timely action for recovery is not taken then