UVARCL to move SC against NCLAT order preventing Aircel from selling spectrum

UVARCL, which has the clearance of the National Company Law Tribunal (NCLT) to acquire Aircel, will approach the SC in the next couple of days to prevent any delay in the asset monetisation of the telecom operator, the person said. “The dedicated bankruptcy court (NCLT) has already given its nod and UVARCL has to protect its assets now.”

via Economictimes