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Vodafone Idea petitions India's Supreme Court to waive ₹30,000 crore in telecom dues, citing survival risks.
Vodafone Idea, India's second-largest telecom firm, filed a Supreme Court petition seeking a waiver of over ₹30,000 crore in penalties and interest on its Adjusted Gross Revenue (AGR) dues.
The company argues its survival is vital for telecom competition and requests the conversion of dues into government equity, potentially raising the government's stake to 49%.
The court will hear the case on May 19.
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Vodafone Idea solicita a la Corte Suprema de la India que renuncie a ₹ 30,000 crores en cuotas de telecomunicaciones, citando riesgos para la supervivencia.