https://www.taxtmi.com/caselaws?id=786642 Spectrum allocated to telecom service providers remains a public resource held by the Union, and the licence under the Telegraph Act confers only a limited, conditional and revocable right to use it. Its accounting treatment as an intangible asset does not create ownership or a transferable proprietary interest. The insolvency framework applies only to assets owned by the corporate debtor, so spectrum and other third-party or merely contractual use rights are excluded from insolvency or liquidation treatment. Licence conditions and spectrum trading guidelines preserve prior approval requirements and clearance of dues before any transfer, and the telecom regime operates as a complete special code that cannot be displaced to rework spectrum rights or extinguish statutory dues through insolvency proceedings. en-us Fri, 13 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 07:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786642 Spectrum allocated to telecom service providers remains a public resource held by the Union, and the licence under the Telegraph Act confers only a limited, conditional and revocable right to use it. Its accounting treatment as an intangible asset does not create ownership or a transferable proprietary interest. The insolvency framework applies only to assets owned by the corporate debtor, so spectrum and other third-party or merely contractual use rights are excluded from insolvency or liquidation treatment. Licence conditions and spectrum trading guidelines preserve prior approval requirements and clearance of dues before any transfer, and the telecom regime operates as a complete special code that cannot be displaced to rework spectrum rights or extinguish statutory dues through insolvency proceedings. Case-Laws IBC Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786642