Hometelecom News

    AGR dues case: Supreme Court directs telcos to submit 10 years' financial documents

    AGR dues case: Supreme Court directs telcos to submit 10 years' financial documents

    AGR dues case: Supreme Court directs telcos to submit 10 years' financial documents
    Profile image

    By CNBC-TV18  IST (Updated)

    Mini

    The Supreme Court on Thursday asked telcos to submit 10 years' financial documents, while hearing a petition filed by the Department of Telecommunications (DoT).

    The Supreme Court on Thursday asked telcos to submit 10 years' financial documents, while hearing a petition filed by the Department of Telecommunications (DoT). A three-judge bench comprising Justices Arun Mishra, S. Abdul Nazeer & MR Shah heard a plea by the DoT for staggered payment of AGR dues by telecom companies.
    The centre informed the apex court that the DoT has decided to withdraw 96 percent of the Rs 4 lakh crore demand for AGR related dues raised against non-telecom PSUs like GAIL.
    DoT sought time from the bench, hearing the matter through video-conferencing, to respond to the affidavits filed by private telecom companies, including Bharti Airtel and Vodafone Idea Ltd, on payment of their dues based on the Adjusted Gross Revenue (AGR).
    The bench asked the telecom companies to file their financial statements before it and fixed the matter for hearing in third week of July.
    In the last hearing on June 11, the apex court came down heavily on telcos for not having paid the pending AGR dues.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng