As fears mount over Vodafone Idea’s survival in India, the company’s senior management has reportedly told lenders that if it doesn’t get urgent relief from the government, repaying the lenders in a timely manner may not be possible.

Vodafone Idea posted a huge net loss of Rs 50,921 crore for the last quarter, the biggest quarterly loss in India’s corporate history. This comes after the Supreme Court judgment on the Adjusted Gross Revenue (AGR) matter, in which a number of telecom companies were implicated. The company noted that the SC order has resulted in liabilities amounting to Rs 44,150 crore for license fees and spectrum charges.

“It is to be noted that our ability to continue as a going concern is dependent on obtaining the reliefs from the government,” the company said in a statement when it published its financial results.

Both Vodafone Idea and Airtel posted huge losses after the Department of Telecommunications notified telecom companies on Thursday that they must pay their AGR dues within three months. Shares of Vodafone India crashed by 21% following this.

The company’s global CEO Nick Read had earlier said that Vodafone’s joint venture in India may soon have to be liquidated, citing “unsupportive regulation” and “excessive taxes” as reasons. He noted that the company’s future was in peril unless the Indian government provided relief on mobile spectrum fees.

Here are five developments in the story since: