Vodafone and Idea can stop this service in India! know here

Vodafone and Idea can stop this service in India! know here

After the Supreme Court's order, telecom company Vodafone and Idea are caught in a big crisis. After heavy losses are happening every month, now it has become more difficult for Idea Vodafone to run its operations (Vodafone Idea may shut the shop) in India. That is why in the board meeting of the company today, it can be judged on whether or not to run its operations in India. According to the Live Mint report, to decide the amount of DoT and whether the company has the option, it will also be decided. Let us tell you that in December 2019, Voda Idea chairman Kumar Mangalam Birla said that if the government does not provide financial support, then the company will shut down.

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What will happen now- Vivek Mittal, Head of Research, VM Portfolio, says that 'Vodafone Idea does not have money. This way she can go to the NCLT, as she has to pay the dues before the next hearing of the case on 17 March. If the case is accepted, then under the Bankruptcy Law, there will be a ban on repaying the dues and the company may not have to pay.

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What is the case- In the case of Adjusted Gross Revenues, the Supreme Court has refused to give any relief to the telecom companies? The court has taken a tough stand against these companies. On 16 January, a bench of Justice Arun Mishra ordered the telecom companies to repay the adjusted gross revenue (AGR) to the government.

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The Supreme Court on Friday reprimanded the telecom companies for not giving the arrears of Rs 1.47 lakh crore to the government and summoned the top officials of all these companies to tell them that the order of the top court to clear the dues Why has not been followed. The court reprimanded these companies and asked them to deposit Rs 1.47 lakh crore by the end of February 14.