AGR dues: Can spectrum be sold by telcos undergoing IBC proceedings? Supreme Court asks SG Tushar Mehta

The Court said that it would delve into the issue of initiation of insolvency proceedings against various telecom companies vis-a-vis their outstanding liabilities.
Case on AGR dues in Supreme Court
Case on AGR dues in Supreme Court

The Supreme Court today asked Solicitor General Tushar Mehta, representing the Department of Telecommunications (DoT), whether spectrum can be sold by telecom companies that are undergoing proceedings under the Insolvency and Bankruptcy Code (IBC).

This question came up for consideration when the Supreme Court was hearing the matter pertaining to payment of Adjusted Gross Revenue (AGR) dues by telecom companies.

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