DoT seeks Rs 48,000 crore from Oil India in telecom dues; company to challenge it in TDSAT

The telecom department has slapped a Rs 48,000 crore demand notice on Oil IndiaNSE -0.84 % in past statutory dues, an order which the country’s second-biggest state oil producer plans to challenge in Telecom Disputes Settlement and Appellate Tribunal (TDSAT). Following a Supreme Court ruling that non-telecom revenues should be included for considering payments of government dues, the Department of Telecommunications (DoT) has asked Oil India to pay Rs 48,000 crore in principal dues together with interest and penalty for using optic fibre network for internal communication. The dues sought are double the net worth of Oil India.

“We have received a demand notice for paying payments by January 23. We plan to challenge it in TDSAT,” Oil India Chairman and Managing Director Sushil Chandra Mishra told here.