Department of Telecommunications won’t renew licence until RCom clears dues - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Department of Telecommunications won’t renew licence until RCom clears dues

“DoT has informed RCom that it cannot renew telecom licences unless previous spectrum related dues are cleared. This followed the resolution professional’s (RP) communication to the department that as per Insolvency and Bankruptcy Code, its dues come under a moratorium and it does not have to pay them,” said an official aware of the developments.

from Industry-Economic Times
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