DoT to invoke bank guarantees to recover RCom’s spectrum dues

New Delhi: The Department of Telecommunications (DoT) is invoking bank guarantees to recover Reliance Communications’ (RComNSE -3.23 %) latest spectrum dues and is set to issue a notice asking why the airwaves shouldn’t be withdrawn, adding to the woes of the telco whose chairman Anil Ambani faces jail for not paying a vendor.

“The last day of payment of Rs 21 crore was March 13, which included a grace period of 10 days. We have now asked the related department to send a show-cause notice to the telco,” a DoT official said. A telco is allowed 20 days to respond to a show-cause notice.