NCLT asks telecom department not to terminate Aircel’s license and spectrum

The National Company Law Tribunal (NCLT) has ordered Aircel’s telecom licence not be cancelled, granting relief to the company that filed for bankruptcy in March 2018.

“Without the license no resolution applicant will show any interest in reviving the company,” said the Mumbai bench of tribunal in a direction to the Department of Telecommunication (DoT).

“Cancellation of license shall adversely affect the business of the company. Only on the basis of license the company is running the telecom business in the country. Therefore, license is an essential requirement for the business of the corporate debtor,” said a bench presided over by M K Shrawat and Chabndra Bhan Singh.