[ad_1]
Reliance Communications (RCOM) informed the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) that if the Department of Telecommunications (DoT) raised a claim for Rs 774 crore on the RCOM, the said payment has already been made to DoT see the cashing of bank guarantees by DoT earlier.
According to sources, RCOM therefore only needs to renew the bank guarantees collected, which will only be payable in 2019.
Therefore, RCOM asked for a certain time and the TDSAT granted an extension on this until August 10, 2018.
The sources indicated that DoT is already sitting on the receipt of guarantee Excess bank of about Rs 540 crore. In addition, in an order of 3 July 2018, TDSAT asked DoT to return to RCOM an additional bank guarantee of 2,000 rupees.
– IANS
ag / sed
(This story was not edited by Business Standard staff and is generated automatically from a syndicated feed.)
[ad_2]
Source link
