The Supreme Court has said that it is for the National Company Law Tribunal (NCLT) to decide whether sale, or transfer of right to use, of spectrum can be allowed under insolvency and bankruptcy code (IBC).

SC’s recent verdict in the matter of adjusted gross revenue (AGR) dues of telcos has come as a relief to telecom companies under insolvency, Reliance Communications and Videocon. Also, it is good news for Aircel, whose spectrum has been picked up by asset reconstruction company UVARCL.

Earlier in August 2020, the SC had raised questions on trading of spectrum when the Department of Telecommunications (DoT) highlighted that bankrupt telcos have not paid AGR dues of Rs 400