Relief to Airtel and Vodafone Idea from Bombay High Court: Government’s decision to levy one-time spectrum charge cancelled; Bank guarantee will also be returned
The Bombay High Court has canceled the one-time spectrum charge (OTSC) imposed by the Central Government on Bharti Airtel Limited and Vodafone Idea Limited. The court ruled that the government had no right to change the financial terms retrospectively, years after the telecom license was granted. The Division Bench of Justice Manish Pitale and Justice…