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Supreme Court Rejects AGR Verdict Review Pleas by Telecom Operators Airtel and Vodafone Idea

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 20, 2020 6:50 AM 1 min read
Editorial

Supreme Court rejects AGR verdict review plea by telecom operators Airtel and Vodafone Idea. 

 

TELECOM

 

SC rejects AGR plea by Airtel, Vodafone Idea.

Objection Overruled: In a blow to telecom operators Bharti Airtel and Vodafone Idea, the Supreme Court yesterday dismissed pleas to review its earlier judgement that had asked the telecom operators to pay more than 1tr ($14.10bn) of dues to the government. Bharti Airtel has to pay outstanding dues worth 35,586cr ($5,028m), while Vodafone Idea owes the government 50,000cr ($7,064m). 

 

Meanwhile, the telecom operators have said that they were evaluating filing curative petitions. Livemint

 

PSUs to file review petitions over ₹3L cr telecom dues.

Non-telecom state-run companies including Gail India, Power Grid Corp and Oil India will file petitions seeking a review of the SC’s order that mandates them to pay more than ₹3tr ($42.39bn) in arrears on their telecom licences, said solicitor general Tushar Mehta. ET Telecom

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