DoT says Anil Ambani firms cannot sell spectrum under IBC resolution

Mumbai: The department of telecommunications (DoT) on Friday contended before the Mumbai bench of the bankruptcy tribunal that spectrum should not be part of the resolution plan for Anil Ambani’s Reliance Communications Ltd (RCom) and its unit, Reliance Telecom Ltd (RTL).

“The DoT filed an affidavit detailing its objections, as directed by the National Company Law Tribunal (NCLT), and said that spectrum cannot be sold under the resolution process,” said a person aware of the development.

The person added that the tribunal will next hear the case on 8 September.