28 January Friday

Back in Soup : Telecom Companies To Pay Rs 92,000 cr by Jan 23 ; SC Rejects Review Petition

Web Desk‌Updated: Thursday Jan 16, 2020

NEW DELHI : In a major setback  to telecom providers, the Supreme Court on Thursday, dismissed their review pleas seeking relief on interest and penalty payments in connection to its earlier verdict on Adjusted Gross Revenue (AGR),

The companies should pay up their dues by 23 Jan.

The previous judgment upheld the definition of Adjusted Gross Revenue(AGR) as decided by the Department of Telecom(DoT) requiring as many as 15 telecom companies to pay up dues totaling to Rs 1.47 lakh crore.

Supreme Court rejection  also affects several non-telecom public sector undertakings like GAIL, DMRC, Power Grid and RailTel which received notices from DoT seeking repayment of AGR fee dues.