The Supreme Court will pronounce its verdict on the AGR case today. Justice Arun Mishra-led three-judge bench will deliver its verdict on the issues of staggered payment, transfer of spectrum and weather telcos will have to pay for any additional liability of insolvent telecom companies. In October 2019, the apex court had delivered the verdict on the AGR issue for calculating government dues of telecom companies such as licence fee and spectrum usage charges. Last year, the apex court had upheld the government's broader definition of AGR.
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10.20 AM: As of now, out of 15 affected telcos, five have paid just a fraction - about Rs 30,254 crore - of the AGR dues to DoT out of the total demand of Rs 1.69 lakh crore.
10.18 AM: While the Department of Telecommunications had sought a 20-year time frame for payment of AGR related dues, incumbent telcos Vodafone Idea and Bharti Airtel have sought 15 years for the same.
10.10 AM: The bench has outlined three areas on which it would pass the judgement:
- Timeline for staggered payment schedule on AGR dues by telcos
- Decision on recovery of AGR related dues from telecom companies facing insolvency proceedings
- Whether spectrum given to these companies can be sold