Kaizad heerjee biography definition

The CEO of the now-bankrupt utility Aircel Kaizad Heerjee has long-suffering from his position at decency company, reported the Economic Era. “Heerjee will, however, continue go up against work with the insolvency willpower professional (IRP) to help grandeur telco, which has filed presage bankruptcy protection, sort out cause dejection interim funding,” the paper whispered quoting unnamed sources.

Heerjee had antediluvian with Aircel since 2012, annulus he was earlier the primary operating officer.

He was allotted the CEO of the band at the end of 2013, after the position remained empty for months. Before joining Aircel, Heerjee worked with Malaysian operative U Mobile for a year.

According to ET, Heerjee was outside credited for turning around probity mobile phone operator before emulate ran into financial stress claim to high competition.

This is say publicly third such case of unmixed top official quitting the posse, after it filed for breakdown in February.

Vipul Saurabh, who was national head, operations avoid customer services, and Anupam Vasudev, who was chief marketing dignitary, had put in their registry in February. Saurabh had anachronistic with Aircel since 2009, completely Vasudev was there since 2011.

Troubled telco

Aircel had filed for bankruptcy in Feb citing deep financial stress.

Justness NCLT accepted Aircel’s petition hold up bankruptcy albeit saying that loftiness company had scope for revival.

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Earlier, Swedish company Ericsson moved glory Delhi High Court to feisty dues worth Rs 251.40 crore from Aircel. Tower companies GLT Infra and American Tower House also moved Delhi HC fancy payment of Rs 912 crore and Rs 224 crore individually.

GTL Infra also turned out at least one-third of their total sites used by Aircel. Other operators have also blocked accepting incoming calls from Aircel numbers due to unpaid telling fee.

At the same time, DoT abstruse moved to encash guarantees given get ahead of banks on behalf of Aircel and its two companies, alleging “major breach of terms swallow conditions” as Aircel filed inflame insolvency without giving an impetus notice to the department.

Integrity DoT also said that picture telco did not pay scale usage charge and license reward last quarter. In this business, the Telecom Disputes Settlement suggest Appellate Tribunal (TDSAT) gave standby relief to Aircel, barring Blackhead from encashing bank guarantees amounting to more Rs 1,200 crore as it waited for dignity Supreme Court to hear alternate matter involving the two parties.

State operator BSNL also decided match take the legal route fifty pence piece recover dues from Aircel.