Industry

SC rejects Centre’s plea challenging refund of ₹104 crore ordered by TDSAT to RCom

The tribunal had on Dec. 31, 2018 directed the Centre to return the amount after encashing bank guarantee of ₹908 crore against spectrum charges of ₹774 crore

The Supreme Court on Tuesday rejected the Centre’s plea challenging TDSAT’s order directing refund of around ₹104 crore to Reliance Communication.

A bench of justices R.F.Nariman and S. Ravindra Bhat said, “We don’t find any merits in the appeal”.

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) had on December 21, 2018 directed the Centre to return around ₹104 crore after encashing bank guarantee of ₹908 crore against spectrum charges of ₹774 crore.

The Department of Telecom has already adjusted ₹30.33 crore.

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Printable version | Feb 20, 2020 9:42:03 AM | https://www.thehindu.com/business/Industry/sc-rejects-centres-plea-challenging-refund-of-104-crore-ordered-by-tdsat-to-rcom/article30501379.ece

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