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While clarifying that no proposal to set up any new bench of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)
Telcos' spectrum can't be treated as 'security interest' by lenders: NCLAT Telecom companies have the right to use spectrum under the licence granted to them. However, they cannot be said to be the owners in possession. BusinessToday.In | April 14, 2021 | Updated 22:40 IST The tribunal made it clear that spectrum "cannot be treated as a security interest by the lenders". Debt-ridden telecom companies undergoing insolvency proceedings cannot claim rights to their spectrum, a natural resource, if payments for spectrum usage have not been made to the government, the National Company Law Appella...
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 telecom companies undergoing insolvency proceedings cannot claim rights to their spectrum, which is a n...