The Supreme Court denied pleas from Vodafone Idea, Bharti Airtel, and Tata Teleservices for a waiver of Adjusted Gross Revenue dues. Vodafone Idea faces severe financial pressure, warning it may cease operations by FY26 without government aid. Airtel sought relief from interest and penalties, emphasizing the ruling’s financial burden on the telecom sector.
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.
![[Revenue Dues] Vodafone Idea Requests Urgent SC Hearing of Rs.58,254 Crore AGR Dues](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/07/image-95.png?resize=447%2C367&ssl=1)
