CBI records Farooq s statement in JKCA embezzlement case newsnationtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsnationtv.com Daily Mail and Mail on Sunday newspapers.
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.
Remarks made against NCLAT members expunged by Supreme Court oneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oneindia.com Daily Mail and Mail on Sunday newspapers.
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.
The Supreme Court on Friday expunged remarks made against three sitting members of the National Company Law Appellate Tribunal (NCLAT) by a bench headed by acting chairperson Justice Bansi Lal Bhat.A