The Bombay High Court has quashed the central government's demand for spectrum charges from Airtel and Vodafone Idea, providing a massive relief of approximately ₹20,000 crore to the telecom giants. The court directed the government to return the bank guarantees submitted by the companies. This relates to a 2012 decision regarding one-time spectrum charges, where Vodafone Idea was facing a ₹11,000 crore demand and Airtel ₹9,000 crore. The matter remains pending in the Supreme Court.
https://sambad.in/business/bombay-high-court-relief-to-airtel-and-vodafone-idea-spectrum-charge-case-12015745
#creator program