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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 ,