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Supreme Court dismisses Reliance Communications, lenders' petitions against bank guarantee invocation
The Economic Times· 2026-08-21 02:53
A bench comprising justices PS Narasimha and Alok Aradhe, while refusing to stay the department's move said that the lenders-State Bank of India, Also Read: India calls for joint advocacy for standards in international telecom, ICT bodiesThe DoT's invocation notices of August 14 seek to invoke bank guarantee of ₹249.29 crore by Stating that the invocation of BGs by the department was illegal, arbitrary, ultra vires and without jurisdiction and liable to be quashed, the banks told the apex court that its Fe ...