SC Gives 10 Years to Telecom Companies to Clear AGR Dues

Date:

The Supreme Court, while hearing on Tuesday in the Adjusted Gross Revenue (AGR) case, has given huge relief to the telecom companies. The court has given the companies 10 years to repay the AGR dues. Vodafone Idea and Airtel are quite relieved by this decision.

Significantly, the apex court had said that this decision will be taken on three grounds. First, whether or not telecom companies should be allowed to pay in pieces to pay AGR dues. Second, how to recover the dues of companies facing insolvency process. Third, is it legitimate for such companies to sell their spectrum.

Vodafone Idea and Bharti Airtel had sought 15 years time from the court to pay the AGR dues. So far 15 telecom companies have paid only Rs 30,254 crore, while the total outstanding amount is Rs 1.69 lakh crore.

Disclaimer :- This post is independently published by the author. Infeed neither backs nor assumes liability for the opinions put forth by the author.

Share post:

Subscribe

Popular

More like this
Related

Is BSNL is a ray of hope against the price hike in telecom company’s recharge plan

In the areas where BSNL is upgrading its network,...

How Congress Recovered from the Poor Results of 2014

In 2014, 44 seats and 19.3% votes; in 2019,...

উত্তৰ-পূবৰ এটি পুত্ৰৰ উত্থান: যোৰহাটৰ পৰা গৌৰৱ গগৈৰ জয়

নবীনৰ পৰা অসমৰ প্ৰয়াত কংগ্ৰেছৰ জ্যেষ্ঠ নেতা তথা তিনিবাৰৰ...