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AGR case: Spotlight on treatment of public resources under IBC framework

The lawyers representing the insolvent telecom companies have held that they never claimed spectrum as an asset

SUPREME COURT
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Lawyers following the arguments in the apex court in the AGR dues case say the issue of sale of spectrum under the IBC stems from an absence of a well-articulated policy in this regard

Sudipto Dey New Delhi
The on-going case relating to payment of Adjusted Gross Revenue (AGR) dues in the Supreme Court of India has put the spotlight on the treatment of public resources under the Insolvency and Bankruptcy Code (IBC) framework. When the apex court posed the question to Solicitor General Tushar Mehta, appearing for the Department of Telecommunications, whether spectrum can be sold by telecom companies undergoing proceedings under the IBC, his response clearly brought out the differences in thinking between the Department of Telecom (DoT) and Ministry of Corporate Affairs (MCA) in this matter.  

The SG noted in his arguments that spectrum is not

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First Published: Aug 19 2020 | 6:02 AM IST

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