"There is strong possibility of VIL to stay as a going concern if staggered payment of AGR dues is accepted and government/company take steps to ensure its viability," the report said.

 

The Supreme Court gave DoT time till third week of July to consider the proposals filed by telcos for payment of AGR dues. The court argued for a provision of down payment to avail staggered payments and directed telcos to submit financial statements of last 10 years in the next hearing.

 

Court will take up the matter of furnishing undertakings in the next hearing, as Vodafone Idea pleaded its inability to furnish bank guarantee or personal guarantee from directors for over ₹500 billion balance dues.