RCom resolution professional seeks status quo on spectrum licences

The resolution professional (RP) of Reliance Communications (RCom) on Thursday moved the National Company Law Tribunal (NCLT) against the Department of Telecommunications (DoT) seeking the status quo on spectrum licences. 

The RP sought protection from the DoT cancelling its spectrum licences. The tribunal has asked the DoT to file its reply to the petition by September 24, after which the RP can file a rejoinder to DoT’s reply by September 27. The matter will be heard next on September 30.

The spectrum licences are some of the key assets of the Anil Ambani group’s defunct telecom company, which is going through the