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Telcos' spectrum can't be treated as 'security interest' by lenders: 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 Appellate Tribunal has said.
In what could be a landmark judgement amid multiple telecom players undergoing proceedings under the insolvency law, a three-member bench of the tribunal also made it clear that spectrum cannot be treated as a security interest by the lenders . ....

Reliance Communications , Aircel Cellular Ltd , National Company Law Tribunal , Dishnet Wireless Ltd , National Company Law Appellate Tribunal , Dot Department Of Telecommunication , Acting Chairperson Justicebl Bhat , Insolvency Resolution Process , Bankruptcy Code , Aircel Cellular , Dishnet Wireless , Pectrum Nclat , Insolvency Proceedings , Elecom Company Insolvency , Elecom Company Spectrum , நம்பகத்தன்மை தகவல்தொடர்புகள் , ஏர்செல் செல்லுலார் லிமிடெட் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , டிஷ்நெட் வயர்லெஸ் லிமிடெட் , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , புள்ளி துறை ஆஃப் தொலைத்தொடர்பு , நொடித்துப்போனது தீர்மானம் ப்ரோஸெஸ் , திவால்நிலை குறியீடு , ஏர்செல் செல்லுலார் , டிஷ்நெட் வயர்லெஸ் ,

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
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Last Updated: Apr 13, 2021, 10:59 PM IST
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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 natural resource unless requisite spectrum usage payments have been made to the government. In what could be a landmark judgement amid multiple telecom players undergoing proceedings under the insolvency law, a three-member bench of the tribunal also made it clear that spectrum cannot be treated as a security interest by the lenders . ....

Supreme Court , Aircel Cellular Ltd , National Company Law Tribunal , Dishnet Wireless Ltd , Aircel Group , National Company Law Appellate Tribunal , Dot Department Of Telecommunication , Acting Chairperson Justicebl Bhat , Insolvency Resolution Process , Bankruptcy Code , Aircel Cellular , Dishnet Wireless , Reliance Communications , Cellular Ltd , உச்ச நீதிமன்றம் , ஏர்செல் செல்லுலார் லிமிடெட் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , டிஷ்நெட் வயர்லெஸ் லிமிடெட் , ஏர்செல் குழு , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , புள்ளி துறை ஆஃப் தொலைத்தொடர்பு , நொடித்துப்போனது தீர்மானம் ப்ரோஸெஸ் , திவால்நிலை குறியீடு , ஏர்செல் செல்லுலார் , டிஷ்நெட் வயர்லெஸ் , நம்பகத்தன்மை தகவல்தொடர்புகள் ,

Spam SMS: TRAI Has Information of Only 2.30 Lakh Telemarketers and Headers

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Have you even wondered about the continuous onslaught of unwanted commercial communication (UCC) or spam messages and unwanted calls from telemarketers? If yes, then data shared by the telecom regulator shows that there are over 230,000 entities registered as telemarketers with 11 telecom companies. However, the data shared by the Telecom Regulatory Authority of India (TRAI) may be incomplete as the cumulative of Reliance Jio and Bharti Airtel itself is nearly 275,000. It may also be possible that many entities have registered themselves with different telcos. But even in that case, the TRAI record considers it as a separate entry and this should have been added in the cumulative. Also remember, TRAI sharing this information does not mean that it will either act against some of the most notorious and dubious telemarketers or make sure that all numbers registered with do-not-call (DNC) registry will be filtered out by telemarketers. TRAI will do nothing to help telecom or m ....

Tata Teleservices , Bharti Airtel , Tata Teleservice , Lok Sabha , Ravi Shankar Prasad , Sandeep Khurana , Tata Tele Services Ltd , Delhi Hight Court , Videocon Telecom , Uv Asset Reconstruction Co Ltd For Aircel , Telecom Commercial Communications Customer Preference Regulations , Tata Teleservices Maharashtra Ltd , Reliance Infratel Ltd , Bharat Sanchar Nigam Ltd , Mahanagar Telecom Nigam Ltd , Faqs On Unsolicited Commercial Communications , Aircel Ltd Dishnet Wireless , Bharti Airtel Ltd , Bharti Hexacom Ltd , Telecom Regulatory Authority Of India , Bharti Hexacom Ltd Airtel , Reliance Communications Ltd Rcom , Reliance Telecom Ltd , Quadrant Televentures Ltd , Infra Private Ltd , Telecom Regulatory Authority ,