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NCLAT strictly follows limitation rules in Aircel License

The National Company Law Appellate Tribunal (NCLAT) has dismissed the telecom department’s plea, citing delay in appeal against the order of the National Company Law Tribunal. The appeal is time- barred and for want of jurisdiction, the NCLAT dismissed. DoT had raised an issue in its plea that whether licence/ spectrum to run a telecom company could be subject to moratorium during the insolvency proceedings or not. Appeal against the NCLT’s order which held that the spectrum and licence of debt- ridden Aircel cannot be taken away during the period of insolvency resolution, was appealed in NCLAT. For more information on the above or to discuss matter, feel free to contact at info@ascgroup.in.

 

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