Following the Supreme Court’s order allowing Vodafone Idea’s AGR reassessment up to FY17, Bharti Airtel will now approach the government for similar relief. Gopal Vittal said the company seeks a fair, non-discriminatory review of its dues.
Today, On 27th October, The Supreme Court allowed the Central Government to re-examine issues related to the AGR dues of Vodafone Idea. The Bench said there was no impediment in the Centre reconsidering the matter, given its equity stake and consumer impact.
The Supreme Court will hear Vodafone Idea’s plea challenging Rs 9,450 crore AGR dues from the government on October 27, right after Diwali, as the telecom giant seeks relief from pre- and post-merger financial liabilities.
Today, On 15th July, Vodafone Idea urgently seeks Supreme Court hearing for clarity on debt funding to pay its Rs. 21,533 crore AGR dues, contested by DoT at Rs. 58,254 crore. The company aims to resolve financial crisis by disputing revenue definitions and restructuring government dues. Telecom companies challenge SC’s order for 10-year AGR payments amid significant financial implications.
