Telecom payments case is another example of how govt branches are delaying bankruptcy settlements while banks suffer the world’s worst bad debt ratios.
The top court also asked the Department of Telecom to file the requisite documents in this regard and posted the matter for further hearing on 17 August.
The apex court also said it needs to ascertain the bonafides of the telecom companies who have gone under proceedings under Insolvency and Bankruptcy Code.
During the hearing, the bench observed that 15 or 20 years is not a reasonable time period and the companies should come forward with appropriate time frame.
The court’s direction came after the companies claimed they were not in a position to submit fresh bank guarantees with regards to the payment of AGR dues.
A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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