Supreme Court AGR verdict: Bankruptcy court to rule if spectrum can be sold under IBC

New Delhi: The Supreme Court has left it on the bankruptcy court to decide whether sale, or transfer of right to use, of spectrum can be allowed under insolvency law.

The court’s order on adjusted gross revenue (AGR) dues of telcos, pronounced Tuesday, comes as a breather to telecom companies under insolvency, Reliance Communications and Videocon, besides Aircel whose spectrum has been picked up by asset reconstruction company UVARCL.