SBI Appeals Supreme Court Ruling on Spectrum as Non-Asset in Insolvency Cases
SBI seeks review of SC verdict that 'spectrum' does not count as an asset in IBC proceedings
The Hindu
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The State Bank of India (SBI) has filed a petition for a review of a Supreme Court ruling from February 13, 2026, which stated that spectrum cannot be considered an asset in Insolvency and Bankruptcy Code (IBC) proceedings. SBI argues this decision negatively impacts lenders and their risk assessments.
- 01SBI seeks review of Supreme Court ruling on spectrum classification.
- 02The February 13 judgment stated spectrum is not an asset in IBC proceedings.
- 03SBI represents creditors of the bankrupt Aircel group.
- 04The ruling could affect bank financing and risk assessments.
- 05The decision has significant implications for lenders in insolvency cases.
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The State Bank of India (SBI) has filed a petition in the Supreme Court for a review of its February 13, 2026 ruling, which determined that spectrum, a limited public resource, cannot be classified as an asset during Insolvency and Bankruptcy Code (IBC) proceedings. This judgment has raised concerns among lenders, particularly SBI, which is acting on behalf of creditors of the bankrupt Aircel group. SBI argues that the ruling could have far-reaching consequences for bank financing and risk assessment, potentially complicating the financial landscape for lenders involved in insolvency and liquidation processes. The bank emphasizes that recognizing spectrum as an asset is crucial for maintaining financial stability and protecting creditor interests.
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The Supreme Court's ruling could hinder lenders' ability to secure financing and accurately assess risks associated with telecom service providers in insolvency situations.
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