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

Reliance Communications Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532712 | NSE: RCOM

07 Jan 2020 Evaluate

The Supreme Court (SC) has rejected the Centre’s plea challenging the Telecom Disputes Settlement and Appellate Tribunal’s (TDSAT) order directing refund of around Rs 104 crore to Reliance Communication (RCom).

The TDSAT had on December 21, 2018 directed the Centre to return around Rs 104 crore after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore. The Department of Telecom has already adjusted Rs 30.33 crore.

RCom is India’s foremost and truly integrated telecommunications service provider.

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Company Name	CMP
Bharti Airtel	1834.00
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Tata Communications	1805.20
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