InvestorQ : What is the latest order by Supreme Court in Bharti Airtel - Videocon case?
Moii Chavate made post

What is the latest order by Supreme Court in Bharti Airtel - Videocon case?

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Tisha Malhotra answered.
2 months ago
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Let me quickly summarize the case for you. The DOT had demanded that Airtel deposit Rs.1,376 crore as AGR dues on behalf of Videocon, which Bharti Airtel had acquired. DOT had threatened to encash bank guarantees. Airtel has contended in its plea to the SC that as per the agreement, Videocon was responsible for all prior dues. Therefore, Supreme Court has given temporary relief and asked DOT not to invoke bank guarantees for next 3 weeks.

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