Govt in a fix as Vodafone on the brink

The government finds itself in a serious dilemma over Vodafone Idea’s financial crisis, as the beleaguered telecom operator has approached the Supreme Court, seeking waiver of Rs 45,457 crore in adjusted gross revenue (AGR)-related dues.

Officials observed that the development once again, has brought to the fore, the fact that even the insolvency framework is inadequate to resolve the challenges of the telecom sector.