Key Points
Cash-strapped Vodafone Idea (Vi) has said claims worth a whopping Rs 27,328 crore against the company, including erstwhile Vodafone entities in India, are under litigation in various courts across the country...
The pending litigations include a Rs 3,857 crore demand the highest raised by the Department of Telecommunications (DoT) on erstwhile Vodafone entities for transfer and merger of licences in India..
The second-highest claim of Rs 3,599 crore relates to a one-time spectrum charge (OTSC), also raised by the DoT...
Erstwhile Vodafone entities applied for approval for transfer and merger of licenses, and DoT demanded certain amounts for (such) transfer; the total amount involved in the said matter(s) is Rs 3,857 croreagainst these demands for merger, (erstwhile) Vodafone Mobile Services (now Vodafone Idea) filed petitions in TDSAT, praying for setting aside and quashing the impugned conditions, Vi said in a recent regulatory filing to the BSE...
Consequently, the company complied with the SC directive and the matter(s) are pending a final hearing, Vi said in the exchange filing.. Further, the company added that in response to DoTs separate demand note of Rs 3,599 crore towards OTSC , the erstwhile Vodafone entities (Vodafone Mobile Services and Vodafone India) had moved the telecom tribunal (TDSAT), seeking the demand note to be set aside..
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