NEW DELHI: The govt will not take any suo motu legal opinion on the financial crisis for Vodafone Idea and Bharti Airtel after dismissal of a curative petition by the Supreme Court on the adjusted gross revenue (AGR) matter. Any view will be initiated only after a plea by the telcos, sources have said.
“There is no need for a legal view as yet, as the decision of a curative petition broadly means closure of a case,” the source said.This comes even as Vodafone Idea has announced a conference call with investors and analysts on September 23 to provide “an update on recent developments”.
Asked whether some other relief measures can be considered to bail out the companies, the sources said, “This can happen once we receive a request to this effect from the companies. So far, there is no such correspondence that we have received.”
“There is no need for a legal view as yet, as the decision of a curative petition broadly means closure of a case,” the source said.This comes even as Vodafone Idea has announced a conference call with investors and analysts on September 23 to provide “an update on recent developments”.
Asked whether some other relief measures can be considered to bail out the companies, the sources said, “This can happen once we receive a request to this effect from the companies. So far, there is no such correspondence that we have received.”