Crisis-hit Aircel filed an application for undertaking Corporate Insolvency Resolution Process for Aircel Cellular, Dishnet Wireless and Aircel Ltd.The company acknowledged it has been facing troubled times owing to intense competition following disruptive entry of a new player like Reliance Jio in a highly financially stressed industry, legal and regulatory challenges, high level of unsustainable debt and increased losses.The company requested continued services from suppliers and partners for the ongoing business of company, high level of unsustainable debt and increased losses.The Company would like to communicate to all the customers that it would strive hard to provide uninterrupted service connectivity to them and appeals to them for their support during the current difficult period," Aircel said in its official statement.

Crisis-hit Aircel filed an application for undertaking Corporate Insolvency Resolution Process for Aircel Cellular, Dishnet Wireless and Aircel Ltd.The company acknowledged it has been facing troubled times owing to intense competition following disruptive entry of a new player like Reliance Jio in a highly financially stressed industry, legal and regulatory challenges, high level of unsustainable debt and increased losses.The company requested continued services from suppliers and partners for the ongoing business of company, high level of unsustainable debt and increased losses.The Company would like to communicate to all the customers that it would strive hard to provide uninterrupted service connectivity to them and appeals to them for their support during the current difficult period," Aircel said in its official statement.