Supreme Court gives Telecom Companies a period of 10 years to clear their AGR dues

[Rajkumar]

https://twitter.com/x/status/1300680275605610496

Source

 

[yashwanth05852]

The Supreme Court on Tuesday gave telecom firms 10 years to clear Adjusted Gross Revenue-related dues, which run into about Rs 1.6 lakh crore. The court said 10 per cent of the outstanding amount is to be paid by March 31, 2021, giving the extended timeframe in view of the Covid-19 pandemic.

A three-judge bench led by Justice Arun Mishra said the instalments will have to be paid by February 7 of every succeeding year and any default will accrue interest. Non-payment will also invite contempt of court proceedings, the bench said, and once again clarified that no revaluation of AGR dues would be entertained.

SC Gives Telecom Firms 10 Years to Clear AGR Dues of Rs 1.6 Lakh Crore; 10% to be Paid by March 31

 

[rajib022]

now price hike by airtel or voda may not be happen soon- as they got some relief !!

 

[Ashok Varma]

Airtel and Jio survives luckily as NCLAT will decide on spectrum as bank security.
Luckily for Airtel & Jio, NCLAT will now decide on spectrum as bank security: Kapil Sibal - ET Telecom

 

[Ashok Varma]

Airtel and Vi to pay Rs.4,398 crores and Rs.5825 crores by 31-Mar-2021 as per DOT official.
'Telcos need to pay 10% of total AGR dues by Mar 31 irrespective of payment made' - ET Telecom