(Bloomberg) -- India’s top court rejected a plea by mobile carriers seeking more time to settle billions of dollars in back-fees and began contempt proceedings against the companies, threatening to push Vodafone Group Plc’s beleaguered local venture to the brink weeks after it warned of a potential collapse.
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The Supreme Court’s three-judge panel, headed by Arun Mishra, said Friday that operators including Vodafone Idea Ltd. and Bharti Airtel Ltd. -- owing a total of $13 billion in back-fees for spectrum and licenses -- must deposit the dues by March 17.
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| Read more on India’s telecom woes here: |
|---|
| India Is Gouging Its Wireless Carriers to Fill a Budget Hole |
| Vodafone’s India Unit Chairman Says End is Near If No Support |
| Franklin Cuts Vodafone Idea’s Debt Value to Zero on Court Snub |
| A $21 Billion Telco War Comes Down to $2: Andy Mukherjee |
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