NCLT approves ₹231.50 crore resolution plan, settles DoT dues
In short
The NCLT approved a ₹231.50 crore resolution plan. It also held that the old Department of Telecom dues were settled under the Insolvency and Bankruptcy Code.
The order said there was no spectrum transfer involved, which helped clear the plan.
What the reporting says
The NCLT approved a ₹231.50 crore resolution plan and held that outstanding Department of Telecom dues were settled under the Insolvency and Bankruptcy Code. The order also said no spectrum transfer was involved. The ruling clears the plan on those grounds and resolves the dues issue in the insolvency process.
Why it matters
The NCLT’s approval of the ₹231.50 crore resolution plan removes a legal hurdle in the insolvency case. The order says past Department of Telecom dues were settled under the IBC and that no spectrum transfer was involved. That finding matters because telecom-related dues and spectrum issues can affect how resolution plans are accepted and implemented.