The board believes this course of action will be in the best interests of all stakeholders, ensuring comprehensive debt resolution in a final, transparent and time bound manner within the prescribed 270 days,” the statement said. “Accordingly, the board decided that the company will seek fast track resolution through NCLT, Mumbai. ![]() ![]() On Friday, the RCom board noted that despite the passage of over 18 months, lenders have received zero proceeds from the proposed asset monetisation plans, and the overall debt resolution process is yet to make any headway. TDSAT also directed the DoT to return RCom’s bank guarantee (BG) of Rs 2,000 crore, as per its earlier order passed on July 3, 2018. TDSAT hence set aside the levy of OTSC on RCOM’s said spectrum.” ![]() ![]() Passing this order, TDSAT held that any telecom operator’s spectrum holdings of up to 5 MHz in the CDMA band and up to 6.2 MHz in the GSM band were exempt from any OTSC levies. A Reliance Communications Limited spokesperson said: “TDSAT upheld Reliance Communications petition against the DoT, challenging DoT’s decision to impose one-time spectrum charge (OTSC) on its contracted CDMA and GSM spectrum resources.
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