Payment of AGR by Telcom Companies: LIVE UPDATES from Supreme Court

On July 2020, the Court had reserved its order on whether a timeframe can be set for the telecom companies pay the Adjusted Gross Revenue (AGR) due in a staggered manner.
AGR and Supreme Court  LIVE
AGR and Supreme Court LIVE

A Justice Arun Mishra led bench of the Supreme Court is hearing the case concerning the payment of Adjusted Gross Revenue (AGR) case by telecommunications companies.

The Court is likely to give an order on allowing telecom companies to make staggered payments over a 15 year time period

On July 2020, the Court had reserved its order on whether the telecom companies would be allowed to make staggered payments over 15 years.

While reserving its order, however, the Court had reiterated that no objection as to re-assessment or recalculation of the AGR dues would be entertained.

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AGR: "There can be no adjustment of dues", Supreme Court reserves verdict on timeframe for staggered payment of dues by telecom companies

Vodafone Idea has to pay a balance of Rs 50,399 crore, while Bharti Airtel's outstanding amount is Rs 25,976 crore, Solicitor General Tushar Mehta had informed.

Regarding the timeline of payment, the Centre had sought a 20 -year period to be set for the payment of dues. Senior Advocate Mukul Rohatgi, appearing for Vodafone, had agreed for a 15-year period whereas TATA and other stakeholders had agreed for a 10-year period.

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