Aircel insolvency: Plea in Supreme Court for interim sale of

Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum

The former Resolution Professional of Aircel entities has requested the Supreme Court's permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

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