- Home >> Features >> Technology
India: spectrum is national property, cannot be sold by bankrupt telcos
- Thursday | 13th August, 2020
The appeal, if accepted, will hamper asset monetization plans of bankrupt telcos RCom and Aircel. Aircel is not going into liquidation as a resolution plan has been approved by the NCLT, the company’s lawyer said. Under the resolution plan, the asset reconstruction firm UVARCL has proposed to buy Aircel’s assets, including the spectrum. Last November, National Company Law Tribunal (NCLT) ruled that Aircel has the “right to use” the spectrum and directed the DoT not to suspend the bankrupt telco’s licenses. RCom and its subsidiaries including Reliance Infratel and Reliance Telecom is now awaiting NCLT’s approval for its resolution plan.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
