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The Court is hearing arguments in the AGR dues case on the question of whether spectrum can be sold under IBC proceedings.
The Supreme Court Bench led by Justice Arun Mishra is hearing the case concerning the payment of Adjusted Gross Revenue (AGR) dues by telecommunications companies.
During the hearing yesterday, Senior Advocate Harish Salve had submitted before the Court that right to use licence for spectrum use can be subject matter of IBC proceedings.
Salve, representing Jio, had also told the Court yesterday that the Jio has cleared all of its dues towards AGR including the charges incurred for using Reliance Communications' spectrum under Spectrum sharing agreement.
Read and account of yesterday's hearing:
Salve's arguments will continue today.
Live updates of the hearing today feature on this page.