Reliance Infra to Recover $3.25B in Overdue Power Payments in Delhi
On Friday, Reliance Infrastructure of India stated that its power distribution divisions in New Delhi will recoup 284.83 billion rupees in unpaid dues after the Supreme Court upheld their claims earlier this week. These dues originate from prior tariff shortfalls, wherein regulator-set electricity prices did not fully cover the costs of supply. According to a…
ABHYUDAYA MITTAL
Vi Wins ₹1600 Cr Refund From The Supreme Court
On Monday, January 20, 2025, the Supreme Court validated the Bombay High Court’s November 2023 decision ordering the Revenue Department to refund ₹1,128 crore to Vodafone Idea (Vi). Along with interest, the Revenue Department is directed to pay a ₹1600 crore refund. This case concerns Vodafone Idea’s claim for a refund of its payment after…
Vipin
Supreme Court’s Important Ruling For Telecom Giants
On Wednesday, the Supreme Court ruled in favour of Bharti Airtel, Vodafone Idea, Tata Services, Indus Towers and other telecom operators in a 76-page judgement. Now, they can claim central value-added tax or Cenvat credits on central excise duties paid by them on towers and their parts, green shelters, printers, office chairs, etc. Justice BV…
Himanshu