Business Standard

NCLT prevents DoT from cancelling Aircel's telecom licence, spectrum

"Cancellation of licence shall adversely affect the business," said a tribunal bench of MK Shrawat and Chandra Bhan Singh.


Press Trust of India
The National Company Law Tribunal on Thursday directed the department of telecommunications (DoT) not to cancel the telecom licence and spectrum issued to Aircel which had shut operations many years now.

The Mumbai NCLT bench said, "the relief sought by Aircel is that due to issuance of the demand notice by DoT, an apprehension has been created that that the same may be suspended. We hereby direct that the clauses of "moratorium" are squarely applicable on this bankruptcy process, hence need not be interrupted or hampered by any authority." The apprehension is that the DoT demand notice seeking Rs 55.70 crore

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First Published: Nov 28 2019 | 7:14 PM IST

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