Voda Idea posts Rs 50,900-cr loss in Q2, the biggest in India Inc history

Saddled with $14 billion of net debt, Vodafone Idea is fighting for survival after India's top court last month ordered it to pay additional fees the government said were due from prior years

Vodafone Idea Ltd., India’s No. 2 phone company reported a net loss of Rs 50,900 crore  for the quarter through September after taking a one one-time charge of Rs 25,680 crore, according to a filing Thursday.  

The indebted wireless carrier yesterday warned of an insolvency risk in the face of a $4 billion demand from the Indian government, urgently sought relief from the policy makers after reporting the nation’s biggest quarterly loss.

The operator, which was formed by the merger of Vodafone Group Plc’s local unit with billionaire Kumar Mangalam Birla’s Idea Cellular Ltd., hasn’t seen any profit since the