Supreme Court
The court has yet to decide on admitting the petitions.
Bharti, Vodafone Idea approach India's top court on payment of dues: report
23 Nov 2019 3:34 PM

Bharti and Vodafone Idea have filed separate review petitions in the Supreme Court.

The petition, jointly filed by retired Indian Army officer S G Vombatkare and human rights activist Bezwada Wilson. (Photo: PTI)
SC issues notices on plea challenging Aadhaar data usage by private entities
22 Nov 2019 12:52 PM

The case will be heard along with the petition challenging the ordinance on the same.

Essar Steel was auctioned under the new Insolvency and Bankruptcy Code to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.
ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
19 Nov 2019 11:23 AM

The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.

The company has provided for liabilities of Rs 27,600 crore for license fees and Rs 16,500 crore for spectrum usage charges.
Vodafone-Idea believes govt won't be in conflict with SC on telco relief: Brokerages
18 Nov 2019 10:29 AM

Vodafone Idea Ltd faces a liability of Rs 44,150 cr after SC ordered that non-telecom revenues should be included in the AGR.

Banks had moved the Supreme Court earlier this year after an appellate court judgment put the claims of Essar’s operational creditors on par with those of its lenders.
Supreme Court clears path for ArcelorMittal to acquire Essar Steel
15 Nov 2019 12:27 PM

The apex court said operational creditors cannot be treated on par with financial creditors of a bankrupt company.

In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders.
Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction
13 Nov 2019 9:30 AM

Jaypee Infratech, a subsidiary of Jaiprakash Associates, has an outstanding debt of nearly Rs 9,800 crore.

Anand Mahindra, Chairman of Mahindra Group, tweeted that he salutes the five judges of the Supreme Court for showing "extraordinary courage".
India Inc hails Supreme Court verdict on Ayodhya Ram temple
09 Nov 2019 3:53 PM

This is a welcome decision of the Supreme Court which has been taken unanimously by the court.

A DoT official privy to the development said instructions have gone to the licencing wing to carefully examine the implication of the Supreme Court's recent ruling for all such companies. (Photo: Representational)
Telecom dept examines impact of SC order on adjusted gross revenue beyond telcos
07 Nov 2019 6:37 PM

Airtel, Vodafone Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore in three months.

On the introduction of 5G airwaves, the official said there will be no delay in auction, which is due this financial year, and that the government isn’t presuming the telecom sector is under stress.
Govt may not waive $13 billion telecom dues
06 Nov 2019 6:23 AM

Vodafone Group Plc’s Indian venture has $14 billion worth of obligations, while Bharti Airtel is rated junk by Moody’s Investors Service.

With total liabilities estimated at Rs 1.4 lakh crore, Airtel and Vodafone-Idea, through the telecom sector association COAI, are seeking waiver of at least the penalty and interest on delayed payments, which constitute about half of the total dues, if a complete waiver of past liabilities is not possible.
Telco bailout will be contempt of SC; will set bad precedent: Jio to Prasad
03 Nov 2019 1:22 PM

Supreme Court in its October 24 order has clearly settled the base on which statutory levies have to be paid, said Reliance Jio.


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