Bharti Airtel Might Pay DoT Rs 1,376 Crores
The National Company Law Appellate Tribunal (NCLAT) has decided that companies under insolvency proceedings can’t use or sell the spectrum they own. Spectrum is frequency airwaves that the government allots to the telcos for a limited period and is considered a sovereign property. Looking at the decision announced by the NCLAT, Bharti Airtel might have to pay Videocon’s adjusted gross revenue dues (AGR). The appellate tribunal said that companies first... Read More
