Sad News What is the real reason why Vodafone Idea is being driven to shutting down?

[WizarD]

Vodafone Idea is being driven to bankruptcy.

A company that is worth only Rs 11,000 cr and is making thousands of crores of losses every year is being directed to pay Rs 55,000 cr. GAIL India has been asked to pay Rs 1.7 lakh crore Oil India, an oil producer, has been asked to pay Rs 44,000 cr.

None of these companies can pay these amounts without shutting down entirely. So why are they being forced to pay?

AGR woes: Is there no law left in this country, asks SC; summons MDs of telcos, takes strong note of non-compliance of its order - Firstpost

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Vodafone got bigger dues to pay and debt, so it will be hard for them after AGR also.

Besides the AGR dues, Vodafone Idea's gross debt, excluding lease liabilities, was Rs 1,15,850 crore as on December 31, 2019, including deferred spectrum payment obligations of Rs 88,530 crore due to the government.

Why Vodafone Idea shares surged 18% in Monday’s trade