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SBI seeks review of SC verdict that 'spectrum' does not count as an asset in IBC proceedings
The State Bank of India has petitioned the Supreme Court to review its February 13 ruling that spectrum—a finite public resource—cannot be treated as an asset owned by telecom service providers in Insolvency and Bankruptcy Code proceedings. The move, on behalf of Aircel group creditors, argues the verdict could have wide-ranging implications for lenders in insolvency and liquidation and for bank financing and risk assessment.
Why It Matters
If the review is admitted, it could redefine how spectrum assets are treated in IBC processes, potentially affecting lenders' risk assessments and financing for telecom and related sectors.
Timeline
2 Events
SBI seeks review of SC verdict on spectrum as assets in IBC
April 21, 2026
The State Bank of India, acting on behalf of creditors to the bankrupt Aircel group, moved a petition in the Supreme Court seeking a review of the February 13 judgment, arguing the ruling could have far-reaching effects on lenders in insolvency and liquidation and may affect bank financing and risk assessment.
SC verdict: spectrum cannot be counted as an asset in IBC proceedings
February 13, 2026
The Supreme Court held that spectrum, a finite public resource, cannot be used as 'assets' owned by telecom service providers during Insolvency and Bankruptcy Code proceedings.