A senior government official privy to the development said the January 23 order was issued by the DoT without the consent of the telecom minister or DoT secretary
If firm files for bankruptcy, rules say its daily functions will continue till sale
Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year
Telecom operators ignore midnight deadline; Bharti to pay Rs 10,000 cr by Feb 20; Voda Idea still silent
Holding firm to pick up Rs 14,000 cr AGR tab of Tata Tele, which only has Rs 200 cr of cash surplus as on Dec 2019
Vodafone has 304 million subscribers of which 45 per cent are data subscribers
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charge, to the government
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them
From SC's rejection of telcos' plea for new schedule for AGR payments to wholesale inflation rises to 3.1% in January, here are the day's top headlines
Supreme Court on Friday rejected the telecom companies' plea seeking new schedule of adjusted gross revenue (AGR) payments.
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
Most of the remaining liability is with state-owned BSNL/MTNL and some of the shut/bankrupt telecom companies
The Supreme Court on Friday said the companies and the federal Department of Telecommunications (DoT) were liable for contempt of court
In general, the exposure of banks to the entire telecom sector ranges between 10% and 30% of their total equity with Yes Bank having the highest exposure of 29% amongst private banks
The apex court ordered contempt proceedings against Bharti Airtel and Vodafone Idea
The Supreme Court Thursday reserved order for Friday on Nirbhaya gang rape and murder case convict Vinay Sharma's plea challenging rejection of his mercy petition by the President
A total of 946 companies, including ONGC, Embassy Office Parks REIT, and Fortis Healthcare are scheduled to announce their December quarter earnings today