Will not pay any claims until April 18: Etisalat DB
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Will not pay any claims until April 18: Etisalat DB

Last Updated: Wednesday, April 11, 2012, 22:57
 
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Will not pay any claims until April 18: Etisalat DB
New Delhi: Telecom operator Etisalat DB on Wednesday said it will not entertain any request for payments by creditors or claimants, except those ordered by the court, as the Bombay High Court has adjourned the hearing on its winding up petition to April 18.

"Etisalat DB confirms that this matter has been adjourned to April 18 in order for all claimants to file the particulars of their claim. Until 18th, no payments to be made by the company to any creditor or claimants other than under the orders of the Court," a statement issued jointly by EDB and UAE-based Etisalat said.

EDB have announced the closing down of its operations following Supreme Court order that cancelled 122 licences.

EDB has filed petition in the Bombay High Court for winding up its business and for a liquidator to oversee the orderly winding up of the company.

PTI



First Published: Wednesday, April 11, 2012, 22:57


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