The Supreme Court docket in its judgment in the make any difference of adjusted gross profits authorized telcos to pay out their outstanding dues in 10 several years. The court has authorized telcos to pay out 10 for every cent of their dues by March 31, 2021. Remaning instalments will need to have to be paid out by seven February just about every yr.
Any default will accrue fascination and non-payment will also invite contempt of court proceedings, mentioned the SC in its verdict. The providers have been requested to continue to keep modifying lender guarantees alive until the time payment is manufactured.
On the dilemma whether or not telcos could offer spectrum, the SC has left the dilemma to the wisdom of NCLT.
Earlier, immediately after the leading court had turned down pleas by Vodafone Concept, Bharti Airtel, and Tata Teleservices trying to get overview of the judgment which