Insolvent companies could lose spectrum under the new Telecom Bill

Insolvent telecom companies that do not meet government conditions could lose spectrum under the proposed telecom Bill but some experts suggested that its sections need to align with Insolvency and Bankruptcy Code (IBC).

The draft Bill said a company which is subject of insolvency proceedings can still operate if it continues to provide telecom services, doesn’t default in payment of any dues, and meets any other stipulated conditions.

Spectrum assigned to the insolvent company will revert to government control in case it fails to comply with these conditions.

According to the draft Bill, the central government may take such further