The Supreme Court on Friday adjourned the hearing on the issue of adjusted gross revenue (AGR) dues from telecom companies to August 24, Monday. During Friday's hearing, the main point of the arguments centered around the spectrum as an asset for the telecom companies, its sale and related rights. Earlier on Thursday, the apex court expressed concern 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:
AGR hearing to begin shortly in Supreme Court.Justice Arun Mishra led bench likely to focus on recovery of AGR dues from insolvent telcos.No clarity yet on staggered payment.Hearing was scheduled at 02.00pm. Delayed by a few minutes. @CNBCTV18Live— Ashmit Kumar (@AshmitTejKumar) August 21, 2020