Tata Teleservices (Maharashtra) Limited has informed the Exchange about Action(s) taken or orders passed
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Tata Teleservices (Maharashtra) Limited updated the exchange on its ongoing dispute with the Department of Telecommunications over a Rs. 290.17 Crore One-Time Spectrum Charge demand. The Bombay High Court had earlier granted interim protection and stayed the demand. The company then withdrew its petition from the Bombay HC and filed a fresh one at TDSAT, which on April 28, 2025 has adjourned the matter sine die (indefinitely). TDSAT noted that a 2019 judgment in favor of Reliance Communications on similar facts applies to this case, and the Union of India's appeals on that ruling are pending before the Supreme Court. The case will resume based on the Supreme Court's decision in those appeals.
The Rs. 290.17 Crore demand remains stayed and the case is on hold pending Supreme Court guidance in a similar RCOM matter that was ruled in the operator's favor. This is cautiously positive for shareholders as the precedent favors telecom operators, but the final outcome remains uncertain and contingent on Supreme Court proceedings.