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Why Vodafone Idea May Not Consider A Voluntary Bankruptcy Filing Yet
What's stopping Vodafone Idea from heading to the bankruptcy court to resolve its debt woes?
05 Aug 2021, 11:05 AM IST
A debt is a debt, even when the obligation to pay it is also a regulatory condition.In a 2003 ruling, the U.S. Supreme Court said so while dismissing the Federal Communications Commission’s attempt to revoke the spectrum licences from bankrupt NextWave Personal Communications Inc. The court relied on a U.S. bankruptcy law provision that bars the government from revoking an insolvent debtor's licence solely because of a failure to pay...
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