You are here: Home » Companies » News
Business Standard

SC rejects AGR review plea; telcos have to pay Rs 1.47 trn dues in a week

Disappointed with the decision, Bharti Airtel, which is facing an estimated AGR demand of Rs 35,586 crore said it was evaluating filing a curative petition

Topics
Adjusted gross revenue | Vodafone Idea | Bharti Airtel

Megha Manchanda  |  New Delhi 

SC rejects AGR review plea filed by Bharti Airtel, Vodafone Idea
In December, Vodafone Idea Chairman Kumar Mangalam Birla had said his company will have to “shut shop

In a blow to the telecom industry facing severe financial stress, the Supreme Court on Thursday rejected the review petitions moved by Bharti Airtel, and Tata Teleservices against its October 2019 order on payment of dues linked to (AGR). Telcos, contemplating a curative plea, will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23. The order, expected to help the government in plugging its widening fiscal deficit, will also be applicable for many which have either sold out or shut their business.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 16 2020. 23:15 IST
RECOMMENDED FOR YOU
.