Aircel insolvency: Plea in Supreme Court for interim sale of right to use of spectrum, ET Telecom
Sbi: 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.
Source: indiatimes.com
