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Spectrum Can’t be Transferred, Sold by Telcos: Supreme Court

Spectrum Can’t be Transferred, Sold by Telcos: Supreme Court

The Supreme Court ruled that telecom spectrum cannot be transferred or sold by companies under the Insolvency and Bankruptcy Code (IBC) as its a scarce public resource, marking a win for the government and defeat for lenders to phone company Aircel Ltd, which stopped operations in February 2018. It filed for bankruptcy the same month.

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