The Supreme Court of India ruled that telecom companies cannot defer spectrum and licence dues to the Department of Telecommunications, rejecting spectrum as assets. A bench of P. S. Narasimha and Alok Aradhe stressed good, and telecom dues recovery.
Justice Venkatesh of the Madras HC highlights the systemic failures plaguing India’s insolvency law under the IBC. His powerful critique stresses the urgent need to fix the institutional framework rather than just revisiting the legislation.
