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India’s top court rejects plea by mobile carriers over errors on their dues
- Friday | 23rd July, 2021
NEW DELHI (Reuters) -India’s top court rejected on Friday a plea by mobile carriers seeking corrections of what they called errors in the government’s calculation of their dues, leading to a slump in the shares of embattled Vodafone Idea. Friday’s ruling is a setback to Bharti Airtel and Vodafone Idea, which had approached the Supreme Court again this year, urging a re-calculation, but will have greater impact on heavily-indebted Vodafone Idea. Bharti Airtel and Vodafone Idea did not respond to requests for comment. Vodafone Idea has paid the government 78.54 billion rupees in telecoms dues, regulatory filings show, but still owes roughly 500 billion. Bharti Airtel has said it paid dues estimated at 180 billion rupees, but government figures show it owes a further 259.76 billion.
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