Vodafone Idea seeks Supreme Court help after govt rejects request on dues, documents show

Vodafone Idea has gone to India’s Supreme Court to challenge the government’s rejection of a request by the debt-saddled telecom giant to waive more than $5 billion it owes the government, documents show.

The government on April 29 rejected the request by Vodafone Idea CEO Akshaya Moondra for a waiver on interest and penalties it owes on $9.76 billion in dues, saying the survival of India’s third-largest telecom player was at risk, according to the letter seen by Reuters on Sunday.