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Telecom spectrum can be subjected to IBC proceedings, rules NCLAT


Telecom spectrum can be subjected to IBC proceedings, rules NCLAT
April 13, 2021
Requisite spectrum dues cannot be wiped off by triggering corporate insolvency under IBC
In a landmark ruling, the National Company Law Appellate Tribunal (NCLAT), on Tuesday, clarified on the several contentious legal issues around telecom spectrum, including whether it could be subjected to insolvency/liquidation proceedings, and also if bankrupt telcos could sell spectrum rights allotted to it (under a licence) as part of resolution process under the Insolvency and Bankruptcy Code (IBC).
The Appellate Tribunal has, in its 107 page ruling, concluded that spectrum, being an intangible asset of the licensee/Telecom Service Providers/Telcos/corporate debtor, can be subjected to insolvency/liquidation proceedings. The NCLAT has, through the latest ruling, addressed the various questions put forth to it by the Supreme Court in its September 1 order last year. ....

Justice Bansi Lal , Telecom Service Providers Telcos , Supreme Court , National Company Law Appellate Tribunal , Bankruptcy Code , Appellate Tribunal , Telecom Service , Corporate Debtor , Insolvency Proceedings , Operational Dues , Corporate Insolvency Resolution Proceedings , Acting Chairperson Justice Bansi Lal Bhat , Resolution Plan , Central Government , Operational Creditor , Interim Resolution Professional , நீதி பன்சி லால் , உச்ச நீதிமன்றம் , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , திவால்நிலை குறியீடு , மேல்முறையீடு தீர்ப்பாயம் , தொலை தொடர்பு சேவை , பெருநிறுவன கடனாளி , நடிப்பு தலைவர் நீதி பன்சி லால் பட் , தீர்மானம் திட்டம் , மைய அரசு ,

SC expunges remarks made against 3 members of NCLAT


SC expunges remarks made against 3 members of NCLAT
ANI |
Updated: Feb 19, 2021 12:32 IST
New Delhi [India], February 19 (ANI): The Supreme Court on Friday expunged the alleged adverse remarks made by a five-member bench of the National Company Law Appellate Tribunal (NCLAT) against a sitting three-member bench.
A Bench headed by Justice Rohinton Nariman hearing the case expunged the alleged personal and unsavory remarks made by a five-member bench led by the acting chairperson, Justice Bansi Lal Bhat against a three-member bench of Justice (Retd) Jarat Kumar Jain, Bavinder Singh, and Vijai Pratap Singh.
We have gone through the case. We are with you. Observations made against members of the tribunal stands expunged from the record, Justice Nariman said even before the hearing could proceed. ....

New Delhi , Justice Nariman , Justice Rohinton Nariman , Kumar Jain , Bavinder Singh , Justice Bansi Lal , Vijai Pratap Singh , Supreme Court On , National Company Law Appellate Tribunal , Supreme Court , Justice Bansi Lal Bhat , Jarat Kumar Jain , Vijai Pratap , புதியது டெல்ஹி , நீதி நாரிமன் , நீதி ரோஹிண்டன் நாரிமன் , குமார் ஜெயின் , நீதி பன்சி லால் , விஜா பிரதாப் சிங் , உச்ச நீதிமன்றம் ஆன் , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , உச்ச நீதிமன்றம் , நீதி பன்சி லால் பட் , விஜா பிரதாப் ,