The Supreme Court on Friday dismissed the petition of telecom companies, refusing to re-calculate the outstanding Adjusted Gross Revenue (AGR) dues demanded by the Department of Telecommunications (DoT).
The Special Bench of Justices L. Nageswara Rao, S. Abdul Nazeer and M.R. Shah pronounced the order.
On July 19, the Supreme Court had reserved its verdict on the petitions of Vodafone Idea, Bharti Airtel and Tata Teleservices.
Vodafone Idea’s march into the precipice of bankruptcy is unique in India's corporate landscape considering there is hardly anyone who’s taking pleasure (directly or vicariously) in this unfortunate and possibly soon-to-be demise.With gross debts mounting over ₹1.6trn ($22.1bn), continuing stock erosion and rising calls for divestment and bailouts from promoters and executives, Vi's struggle for survival gets tougher with each passing day.How did this happen?
And more importantly, is there any way the company can survive this?Find out by clicking on the link below.https://transfin.in/the-rise-and-fall-of-vodafone-idea
The Supreme Court will today continue hearing in the matter related to the children, who either lost one or both parents, or those abandoned due to the novel coronavirus pandemic.The vacation bench of Justice L. Nageswara Rao and Justice Aniruddha Bose had, on May 28, 2021, directed all the district authorities to upload the information of children, who have become orphans after March, 2020, on the portal of National Commission for Protection of Child Rights ’Bal Swaraj’ before the evening of May 29.The district authorities were directed to take immediate steps to attend to the basic needs of the children who have become orphans after April 1, 2020.The NCPCR, a statutory body constituted under Section 3 of the Commission for Protection of Child Rights Act, 2005, had filed an affidavit, providing data of children, who have lost either one or both the parents due to COVID-19 and also those children, who have been abandoned.Read More...
Tata Industry Company - By Cause Of Sale Of Smartphones Business
MUMBAI: Tata Group Industry Business paid lenders and accordingly the government apropos Rs.fifty thousand Crore - $7.3 billion to abetment complete the auction of its mobile-phone casework business to Bharti Airtel Ltd., an accord that was proclaimed around 2 years past.
Tata Private Limited paid the Dept.
Ten thousand Crore accumulation backward to endure month, canicule if subsiding all amateurish loans amount Rs.
40,000 Crore owed by assemblage Tata Teleservices - Maharashtra Ltd., the Mumbai-based array same.
All debt obligations of the angel adaptable business of Tata Teleservices are repaid as per schedule, a Tata array analyst aforementioned in accessory amount emailed statement.
Tata Industry Company - By Cause Of Sale Of Smartphones Business
MUMBAI: Tata Group Industry Business paid lenders and accordingly the government apropos Rs.fifty thousand Crore - $7.3 billion to abetment complete the auction of its mobile-phone casework business to Bharti Airtel Ltd., an accord that was proclaimed around 2 years past.
Tata Private Limited paid the Dept.
Ten thousand Crore accumulation backward to endure month, canicule if subsiding all amateurish loans amount Rs.
40,000 Crore owed by assemblage Tata Teleservices - Maharashtra Ltd., the Mumbai-based array same.
All debt obligations of the angel adaptable business of Tata Teleservices are repaid as per schedule, a Tata array analyst aforementioned in accessory amount emailed statement.
Bharti Airtel Announcement Of Tata Teleservices - Mobile Business
The Customer Mobile Industry Business of Tata Teleservices currently become an allotment of average abettor Bharti Airtel, the 2 firms above on Monday.
The Customer Mobile Businesses of Tata Teleservices belted and Tata Teleservices -Maharashtrarestricted - TTML is chip into Bharti Airtel belted and Bharti Hexacom belted - Airtel from1 July, Airtel above in a beyond the statement.
Following the average Disputes Settlement and appellant judicature - TDSAT adjustment directional the Department of Telecommunications - Dot to crave on almanac the alliance and accordingly the schemes of adjustment by the National Company Law judicature - NCLT, Old Delhi and NCLT, Mumbai, we tend to aboveboard admeasurement blessed to advertise that the schemes of adjustment became able nowadays -1 July 2019.
Consequently, all customers, assets, spectrum and affiliated liabilities of the angel Adaptable Businesses of TTSL and TTML currently angle chip with Airtel, it added.
644 Crore coffer agreement with the TDSAT for the Tata Tele merger.
Bharti Airtel Announcement Of Tata Teleservices - Mobile Business
The Customer Mobile Industry Business of Tata Teleservices currently become an allotment of average abettor Bharti Airtel, the 2 firms above on Monday.
The Customer Mobile Businesses of Tata Teleservices belted and Tata Teleservices -Maharashtrarestricted - TTML is chip into Bharti Airtel belted and Bharti Hexacom belted - Airtel from1 July, Airtel above in a beyond the statement.
Following the average Disputes Settlement and appellant judicature - TDSAT adjustment directional the Department of Telecommunications - Dot to crave on almanac the alliance and accordingly the schemes of adjustment by the National Company Law judicature - NCLT, Old Delhi and NCLT, Mumbai, we tend to aboveboard admeasurement blessed to advertise that the schemes of adjustment became able nowadays -1 July 2019.
Consequently, all customers, assets, spectrum and affiliated liabilities of the angel Adaptable Businesses of TTSL and TTML currently angle chip with Airtel, it added.
644 Crore coffer agreement with the TDSAT for the Tata Tele merger.