In reference to discussion on Vi, regarding resignation from Directorship.
In addition to other stressp points,is there going to be payment default in near future? and resignation is to avoid related letigation issues related to default?
They have already defaulted once.
Approach to supremecourt regarding AGR and get extensions for payment that also in trenches,
Now Vi is now determined than no fresh infusion of money.
That's the reason Kumar Manglam Birla has asked and ready to give government to take control either merger with PSU including BSNL, MTNL.
DOT anf Government is in very embarrassing position on AGR calculation as they were first approached to supremecourt.
Let's see how this mess will be sorted out.
In my opinion if government takes time to decide, Birla will pledge all control stake under supremecourt custodian. Get them self free from contempt issue.