RCom resolution professional files curative petition on spectrum ruling
In short
Reliance Communications’ resolution professional has filed a curative petition against the Supreme Court’s February 13 ruling on spectrum. The court had said spectrum given to telecom operators cannot be part of IBC proceedings.
This matters because the petition says the ruling hurts lenders. What happens next is not stated in the available reporting.
What the reporting says
RCom's resolution professional Anish Nanvaty filed a curative petition challenging the Supreme Court's February 13 ruling on spectrum, which said spectrum allocated to telecom operators cannot be subjected to IBC proceedings. The filing seeks recall of that verdict and argues the ruling causes irreversible harm to lenders, according to the summaries. The immediate effect is a fresh legal challenge, while the outcome and any impact on creditors remain unknown.
Why it matters
Reliance Communications' resolution professional has moved a curative petition against the Supreme Court's February ruling on spectrum and insolvency. The challenge targets the court's view that spectrum allocated to telecom operators cannot be brought under IBC proceedings. The filing is significant for lenders and the resolution process, but the reporting does not state the court's response or the likely financial impact.