Supreme Court Gives Vodafone Idea a Reprieve
Vodafone Idea welcomed the decision, looking forward to working with the Department of Telecommunications (DoT) to resolve the matter for its 200 million subscribers.
The Supreme Court allowed the DoT to reassess Vodafone Idea's adjusted gross revenue (AGR) dues, citing "peculiar facts and circumstances" of the case.
- The move opens a window for the debt-laden telecom service provider to seek a recalibration of its long-standing dues.
- The company's financial health has been heavily weighed down by these dues for years.
The issue now lies within the policy framework of the Centre, said Chief Justice B R Gavai.
Author's summary: Vodafone Idea gets a reprieve from the Supreme Court.
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