The Supreme Court has said that telecom spectrum is a “material resource of the community” and cannot be treated as a tradable asset to repay lenders ....
The Bench of Justices P.S.Narasimha and Atul Chandurkar says spectrum is a scarce natural resource owned by the people of India, with legal title vesting exclusively in the Union of India, which holds it in trust for the public ....
The apex court was hearing the case regarding the tussle between Aircel and the telecom department on the back of petitions filed by State Bank of India and the two insolvent telecom operators who had challenged a 2021 order of an appellate court.
The Bench of Justices P.S.Narasimha and Atul Chandurkar says spectrum is a scarce natural resource owned by the people of India, with legal title vesting exclusively in the Union of India, which holds it in trust for the public ....