NCLAT says lenders cannot treat telcos' spectrum as 'security interest' under insolvency proceedings
NCLAT says lenders cannot treat telcos spectrum as security interest under insolvency proceedings SECTIONS Last Updated: Apr 13, 2021, 10:59 PM IST Share Synopsis NCLAT on Tuesday ruled that debt-ridden telecom companies undergoing insolvency proceedings cannot claim rights to their spectrum, which is a natural resource unless requisite spectrum usage payments have been made to the government. Agencies The National Company Law Appellate Tribunal (NCLAT) on Tuesday ruled that debt-ridden teleco...
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Source: indiatimes.com