In a landmark verdict that settles the conflict between India’s insolvency framework and the sovereign regulation of natural resources, the Supreme Court has ruled that spectrum allocated to Telecom Service Providers (TSPs) cannot be subjected to proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC). The Apex Court held that spectrum is a natural resource
Spectrum Allocation Cannot Be Subjected to Insolvency Proceedings Under IBC: Supreme Court
