SBI moves Supreme Court to revisit verdict barring spectrum from insolvency
BusinessLine·2026-04-21 23:04
State Bank of India has moved the Supreme Court seeking a review of its February judgment that barred telecom spectrum from being treated as an asset under insolvency proceedings, arguing that the ruling contains “errors apparent on the face of the record” and could have far-reaching consequences for lenders and regulated sectors.In a review petition filed on March 30, SBI, acting on behalf of lenders to the debt-ridden Aircel group, has challenged the court’s interpretation that spectrum — though reflecte ...