SC gives Vodafone Idea a breather

In a significant reprieve for Vodafone Idea (Vi), the Supreme Court on Monday permitted the department of telecommunications (DoT) to take a fresh look at the company’s adjusted gross revenue (AGR) dues, citing the “peculiar facts and circumstances” of the case. The move opens a window for the debt-laden, third-largest telecom service provider to seek a recalibration of its long-standing dues, which has weighed heavily on its financial health for years.