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Sep 01, 2020 08:40 AM IST | Source: Moneycontrol.com

AGR Case LIVE Updates | Supreme Court verdict on telcos pleas expected at 11.30 am

AGR Case LIVE Updates | A Supreme Court bench led by Justice Arun Mishra will deliver the judgement on the repayment of adjusted gross revenue (AGR) dues by telecom companies.

The Supreme Court is set to deliver its verdict in the matter pertaining to the repayment of adjusted gross revenue (AGR) dues by telecom companies on September 1. A bench led by Justice Arun Mishra will deliver the judgement at 11.30 am. The judgement is expected on three key points, the main one being a time frame for the staggered repayment of AGR dues by telcos.

  • AGR Case LIVE Updates | A Supreme Court bench led by Justice Arun Mishra will deliver the verdict at 11.30 am today. The judgement is expected on three key points:

    > Time frame for the staggered repayment of AGR dues by telcom players. While the DoT had sought a 20-year time frame, companies like Bharti Airtel and Vodafone Idea had sought 15 years.

    > Whether or not spectrum and the right to use it can be transferred, assigned or sold under the Insolvency and Bankruptcy Code (IBC)

    > Additional liabilities, if any, on Reliance Jio and Bharti Airtel for the past dues of RCom, Videocon and Aircel.

  • The Supreme Court (SC) had in October 2019 upheld the expanded definition of AGR as given by the DoT, which placed a demand of over Rs 1 lakh crore on telecom companies.

    Vodafone Idea owes balance AGR-related dues of around Rs 50,399 crore, while Bharti Airtel's outstanding amount is Rs 25,976 crore, Solicitor General Tushar Mehta said on July 20.

    Dues owed by companies facing insolvency proceedings, such as Reliance Communications (RCom) and Aircel are also being calculated.

  • Good morning! Welcome to Moneycontrol’s LIVE coverage of the Supreme Court hearing of adjusted gross revenue (AGR) case. The apex court is expected to give a verdict at 11.20 am on the issue of staggered payments of AGR dues by telecom companies such as Bharti Airtel and Vodafone Idea.