Vodafone Idea Ltd.

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  Praharsh_official

  Idea Cellular

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  5 hrs ago

  Excellent Judgement by SCI multiple UCs only Vi to be beneficiary not entire telecom sector Order 1. The present writ petition has been filed by the petitioners seeking issuance of a writ or direction to quash the demands raised by the respondent for additional Adjusted Gross Revenue AGR for the period upto the Financial Year 2016 2017. The petitioners also seek further directions to the respondent to comprehensively reassess and reconcile all AGR dues for the said period inaccordance with the Deduction Verification Guidelines dated 03.02.2020. 2. The matter has been adjourned from time to time inasmuch as Mr. Tushar Mehta learned Solicitor General of India has been seeking instructions from the Union of India. 3. Learned Solicitor General on instructions submits that taking into consideration the change in circumstances i.e. the Union of India acquiring 49 per cent equity in the petitioners Company and keeping in view the public interest involving 20 crore customers availing the petitioners services the Union of India is willing to examine the issues raised by the petitioners. He further submits that the Union of India is also willing to reconsider the matter and take an appropriate decision subject to the permission of this Court. 4. Taking into account the change in circumstances wherein the Union of India itself has infused substantial equity in the petitioners Company and considering that the issue involved is likely to have a direct bearing on the interests of 20 crore customers in the peculiar facts of this case we find that there shall be no impediment in the Union of India reconsidering the issue and taking an appropriate decision in accordance with law. 5. We clarify that this is a matter falling within the policy domain of the Union of India and if in the peculiar facts and circumstances of the case the Union of India keeping in view the larger public interest desires to reconsider the issue there is no reason to restrain or prevent it from doing so. 6. It is further to be noted that the prayer in the petition itself restricts its claim only to the additional AGR demand raised by the respondent for the period up to the Financial Year 2016 17. 7. We further clarify that this order is passed only with regard to the petitioner Vodafone Idea Ltd. taking into consideration the peculiar facts and circumstances of the case as put up by the Union of India that it has acquired 49 per cent equity in the petitioners Company and that the issue involves public interest inasmuch as 20 crore consumers are being affected. 8. In that view of the matter we dispose of the present writ petition with the aforesaid observations. 9. Pending application s if any stand s disposed of. View more

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    Excellent Judgement by SCI multiple UCs only Vi to be beneficiary not entire telecom sector Order 1. The present writ petition has been filed by the petitioners seeking issuance of a writ or direction to quash the demands raised by the respondent for additional Adjusted Gross Revenue AGR for the period upto the Financial Year 2016 2017. The petitioners also seek further directions to the respondent to comprehensively reassess and reconcile all AGR dues for the said period inaccordance with the Deduction Verification Guidelines dated 03.02.2020. 2. The matter has been adjourned from time to time inasmuch as Mr. Tushar Mehta learned Solicitor General of India has been seeking instructions from the Union of India. 3. Learned Solicitor General on instructions submits that taking into consideration the change in circumstances i.e. the Union of India acquiring 49 per cent equity in the petitioners Company and keeping in view the public interest involving 20 crore customers availing the petitioners services the Union of India is willing to examine the issues raised by the petitioners. He further submits that the Union of India is also willing to reconsider the matter and take an appropriate decision subject to the permission of this Court. 4. Taking into account the change in circumstances wherein the Union of India itself has infused substantial equity in the petitioners Company and considering that the issue involved is likely to have a direct bearing on the interests of 20 crore customers in the peculiar facts of this case we find that there shall be no impediment in the Union of India reconsidering the issue and taking an appropriate decision in accordance with law. 5. We clarify that this is a matter falling within the policy domain of the Union of India and if in the peculiar facts and circumstances of the case the Union of India keeping in view the larger public interest desires to reconsider the issue there is no reason to restrain or prevent it from doing so. 6. It is further to be noted that the prayer in the petition itself restricts its claim only to the additional AGR demand raised by the respondent for the period up to the Financial Year 2016 17. 7. We further clarify that this order is passed only with regard to the petitioner Vodafone Idea Ltd. taking into consideration the peculiar facts and circumstances of the case as put up by the Union of India that it has acquired 49 per cent equity in the petitioners Company and that the issue involves public interest inasmuch as 20 crore consumers are being affected. 8. In that view of the matter we dispose of the present writ petition with the aforesaid observations. 9. Pending application s if any stand s disposed of.

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  mljainsagar

  Idea Cellular

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  1 hr ago

  Many investors fear that this company might collapse soon, but I see it differently. The government has strong reasons to keep it alive. It’s not just a company, it’s a crucial part of the economy, and letting it fail could create ripple effects that no one wants to deal with. That’s why I believe the government will step in may be not openly, but in ways that ensure survival. For long-term investors like me, that’s a comforting signal. Now, let’s talk numbers. If the stock reaches even ₹20 by 2030, I’ll be happy. That would mean an average of 20 percent annual returns over the next five years something most traditional investments can’t match. Interestingly, mutual funds seem to be seeing the same opportunity. They’re quietly increasing their exposure to this stock, possibly betting on the same turnaround story. Sometimes, patience and conviction are all it takes to turn uncertainty into opportunity. View more

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    Many investors fear that this company might collapse soon, but I see it differently. The government has strong reasons to keep it alive. It’s not just a company, it’s a crucial part of the economy, and letting it fail could create ripple effects that no one wants to deal with. That’s why I believe the government will step in may be not openly, but in ways that ensure survival. For long-term investors like me, that’s a comforting signal. Now, let’s talk numbers. If the stock reaches even ₹20 by 2030, I’ll be happy. That would mean an average of 20 percent annual returns over the next five years something most traditional investments can’t match. Interestingly, mutual funds seem to be seeing the same opportunity. They’re quietly increasing their exposure to this stock, possibly betting on the same turnaround story. Sometimes, patience and conviction are all it takes to turn uncertainty into opportunity.

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  The Fixed Income

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  15 hrs ago

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    Secure Your Capital and Earn Steady Returns with a Trusted Bond Investment 9.35% NIDO HOME FINANCE LIMITED 2028 ✔️ Coupon: 9.35% ✔️ Rating: CRISIL A+ Stable ✔️ Tenor: 2y 10m (Maturity: 10/Sep/2028) Senior Secured Bond | NBFC Bond | High Return Bond | Listed Invest in stability and growth with Nido Home Finance, a well-rated NBFC offering secure, high-yield returns. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJldVlnPT0=/935-nido-home-finance-limited-2028?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list

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