The Supreme Court on Tuesday granted telecom companies such as Vodafone Idea, Bharti Airtel and Tata Teleservices 10 years for paying their adjusted gross revenue (AGR) related dues.
However, they should pay 10 per cent of the dues by March 31, 2021.
The Supreme Court further said that the demand of the Department of Telecommunications (DoT), and its verdict on AGR-related dues are final. It asked the MDs and CEOs of the telecos to give an undertaking for the payment.
Failure to pay instalments of AGR-related dues will incur penalty, interest and contempt of court, it added.