Spectrum of bankrupt telcos who owe statutory dues cannot be sold: Govt to SC
"Spectrum can never be a subject of sale in IBC proceedings," solicitor general Tushar Mehta told the three-judge SC bench, headed by Justice Arun Mishra. The bench was hearing the adjusted gross revenue (AGR) case. RCom and its units have AGR dues of almost Rs 25,000 crore while Aircel owes the government Rs 12389.00 crore. The AGR dues are over and above other statutory dues.