The Supreme Court on Thursday adjourned the hearing on the issue of adjusted gross revenue (AGR) dues from telecom companies to Friday at 2 pm. While during the hearing, the apex court said it is worried that almost all of the dues from telcos could be wiped out under the ongoing IBC process.
Here are the main highlights from the Supreme Court hearing on the AGR payments dues case from telecom companies today:
DoT put AGR dues at Rs 1512 crore. Business is nil as of now, resolution process on. Spectrum transferred to Bharti Airtel in 2016. Justice Mishra asks SG to reply if Bharti Airtel has undertaken to pay spectrum liability.
AGR hearing to begin shortly.Monitoring Committee of Aircel to address the SC on sale of spectrum.Senior Lawyers Harish Salve, Ranjit Kumar have joinedWaiting for Justice Arun Mishra led bench to assemble.Hearing was scheduled at 2PM.@CNBCTV18Live pic.twitter.com/lkoaIxyM1p— Ashmit Kumar (@AshmitTejKumar) August 20, 2020
First Published: IST