‘RCom liquidation if SC disallows spectrum sale’

NEW DELHI: Counsel for bankrupt telecom service provider Reliance Communications (RCom) told the Supreme Court on Wednesday that if the court were to rule against any sale of RCom’s spectrum licenses, then the company would head into liquidation.

A bench of Justices Arun Mishra, M R Shah and S Abdul Nazeer are currently hearing arguments in the AGR liabilities case, where bankrupt telecom license-holders such as Aircel, RCom and Videocon Telecommunications owe the government over Rs 58,000 crore in unpaid spectrum and license fees.