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APSFL issue termination notice to Tera Software

Friday, 13 Nov 2020
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Tera Software has filed a writ petition in the High Court of Andhra Pradesh seeking for direction of clearing the overdue payments to a tune of Rs 150 crore from Andhra Pradesh State Fibernet (APSFL). 
 
The High Court has passed the orders to the advantage of the company. APSFL has given termination notice to the company w.r.t the projects of BharatNet Phase-II and the project of operation and maintenance of Andhra Pradesh Fiber Grid Phase-1 allotted to the company and the same being terminated. 
 
Termination of the existing contracts was illegal and the company has preferred a writ petition against the said termination. 
 
The case is pending with an interim order not to allot the work to any other party and pending for hearing and waiting for the suitable final judgement.

 

 
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