ƹٷ Supreme Court likely to hear telecos’ AGR pleas on Feb 3 - The Hindu BusinessLine

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          Our Bureau Mumbai | Updated on January 30, 2020 Published on January 30, 2020

          A file of photo of Supreme Court

          The Supreme Court is likely to hear the incumbent telecom companies’ modification pleas on the Adjusted Gross Revenue (AGR) issue on February 3.

          The case, in which the Department of Telecommunications (DoT) has the respondent, has been tentatively listed for next Monday, according to a notice on the apex court’s website.

          On January 21, the apex court had agreed to hear the pleas this next week, while it did not fix a specific date for the hearing.

          ALSO READ: Supreme Court to hear telcos’ AGR pleas next week

          Earlier this month, Vodafone Idea, Bharti Airtel and Tata Teleservices had moved a joint application before the SC seeking modifications to the earlier ruling that said the telecom companies should pay their AGR dues before January 23.

          READ ALSO: AGR dues: Telecom firms approach SC for deadline extension

          Separately, an internal note by DoT’s Licensing Finance Policy Wing said that it will not take any coercive action against incumbent operators in case they default on AGR dues as the deadline expired on January 23.

          READ MORE: DoT not to take coercive action against telecom companies

          The telecom licensor, which is in the process of preparing a compliance report on operators’ dues, will await a final ruling from the SC before further action.

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          The companies, which had posted huge losses in the second quarter due to AGR provisioning, also sought waiving of the penalties. On January 17, in a setback to the telecom operators, the SC had dismissed their plea seeking a review of its earlier order asking the incumbents to pay a total of ₹1.47-lakh crore in past AGR dues by January 23.

          Published on January 30, 2020
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