• SENSEX
    NIFTY 50
VIDEOS
Telecom

Supreme Court to hear fresh pleas of telecom firms on AGR today

Updated : February 14, 2020 09:49 AM IST

The Supreme Court is set to hear today the fresh pleas filed by the telecom companies in the matter of adjusted gross revenue (AGR). In the pleas, the telecom operators have sought more time to pay the required amount.

The Supreme Court on January 17 had dismissed the petitions by the telecom firms to review its October verdict which rejected the telcos' definition of AGR and exposed them to payments of up to Rs 1.33 lakh crore.

In the petitions, the companies had urged that the apex court revisit its judgment and amend it in any shape or form to grant them relief.

However, after the SC dismissed their pleas with no change in the January 23 deadline for payment of dues, the firms had filed a modification petition. This time, they did not dispute the amount but requested for more time to pay the same.

Both Bharti Airtel and Vodafone Idea, which are struggling to pay dues amid increasing losses, on January 23 — the deadline to pay dues — had written to the DoT urging it to wait for the SC order on fresh pleas, post which, the government decided to not take any actions against the companies on non-payment of dues.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV
Advertisement