Vodafone Idea Chairman Kumar Mangalam Birla and Chief Executive Officer Ravinder Takkar met Telecom Secretary Anshu Prakash on Tuesday morning to seek relief from coercive action, a day after the Supreme Court had dismissed the company’s plea. Takkar made a second visit to the Department of Telecommunications (DoT) in the evening for another round of talks.
These talks were critical for Vodafone Idea to stay in business after the SC had on Monday denied any protection from its bank guarantee being invoked by the DoT if it failed to pay up the dues linked to adjusted gross revenue (AGR).
While the government