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Aircel's CoC moves SC against NCLAT order

Economic Times  

Aircel's committee of creditors (CoC), headed by State Bank of India (SBI), has moved the Supreme Court against the decision of the National Company Law Appellate Tribunal (NCLAT) that forbade the bankrupt telco from selling its spectrum until government dues are cleared. Aircel resolution professional Deloitte and asset reconstruction firm UVARCL, which had been cleared by the National Company Law Tribunal (NCLT) to take over the assets of Aircel, will also separately move the top court challenging the appellate tribunal's order.