 "SUPREME COURT")
The Supreme Court on Thursday expressed concern over adjusted gross revenue (AGR) dues melting away in bankruptcy proceedings.
“We are worried that almost the entire AGR dues will be extinguished in the IBC (Insolvency and Bankruptcy Code) proceedings. After sale (of spectrum), new users will extinguish pending (demands for dues),” Justice Arun Mishra said. He said in case the dues were not paid, the spectrum must be surrendered.
Justice Mishra observed under the IBC spectrum trading was different from spectrum sale.
“Without paying for the horse, telcos are taking a ride. We want to know from the Department of Telecommunications (DoT) all details
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