Resolution in the nearly ₹2 trillion ($22.5 billion) financial dispute may come through a waiver of interest and penalties, followed by a concession on the principal
Lenders to Vodafone Idea (VIL) are expected to hold talks to decide on the future course of action with regard to their exposure to the debt-laden telecom player which is struggling to stay afloat
The govt has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone
The verdict given by the arbitration panel says Vodafone was entitled to fair and equitable treatment in respect of its investment in mobile telecommunication in India in line with BIT.