SC Upholds Spectrum Non-Asset Status, Rejects RCom Plea
Supreme Court dismisses RCom's plea, upholding spectrum non-asset status. Review petitions rejected; February 13 ruling stands unchanged. Source: CNBC TV18
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23 Aug 2026 – 21 Sep 2026 · Times in IST
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Supreme Court dismisses RCom's plea, upholding spectrum non-asset status. Review petitions rejected; February 13 ruling stands unchanged. Source: CNBC TV18
Supreme Court dismissed review petitions on July 28, 2026, upholding Feb 13, 2026 judgment. Impacts Reliance Communications and RTL; NCLT reviewing resolution plans involving spectrum sale. Source: ScoutQuest
Canara Bank classified Reliance Telecom Ltd (RTL) and the promoter of Reliance Communications Ltd (RCOM) as 'Wilful Defaulters'. Both RTL and RCOM are under Corporate Insolvency Resolution Process (CIRP), awaiting NCLT approval for resolution plans. Source: BSE
Reliance Communications faces confirmed property attachment worth ₹581.65 crore under PMLA, involving movable and immovable assets. Attachment remains during investigation or until 365 days; appeal possible within 45 days of receiving the order. Source: BSE
Reliance Communications received order confirming asset attachment worth ₹581.65 crores. Source: Livesquawk
HC rules Reliance Communications' ₹800 crore bank guarantees non-default till Sept 3 hearing. Petitions challenge invocation of guarantees amid insolvency proceedings for the defunct telecom firm. Source: The Economic Times