38.6c New Delhi, India, Thursday, October 31, 2024
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Judiciary

Case Outcome Could Erode The Viability Of The Entire Telecom Sector, Says Bharti Airtel: AGR-DoT Matter

By LawStreet News Network      16 January, 2020 09:01 PM      0 Comments
Case Outcome Could Erode The Viability Of The Entire Telecom Sector, Says Bharti Airtel: AGR-DoT Matter

After dismissal of the review petition filed by telecom companies by the Supreme Court, Bharti Airtel today (January 16, 2020) has released a media statement saying

While respecting the Honble Supreme Courts decision, we would like to express our disappointment as we believe the long standing disputes raised regarding the AGR definition were bonafide and genuine.

The industry continues to face severe financial stress and the outcome could further erode the viability of the sector as a whole. The industry needs to continue to invest in expanding networks, acquiring spectrum and introducing New Technologies like 5G. The money now required to pay punitive interest, penalty and interest on penalty which forms nearly 75% of AGR dues would have better served the digital mission of the country. 

We are evaluating filing a curative petition.

A full bench of the Supreme Court comprising Justice Arun Mishra, Justice S. A. Nazeer and Justice M.R. Shah heard the review petition filed by Airtel, Vodafone-Idea against AGR verdict on INR 92,000 crores, past dues in closed chambers earlier today.  The matter pertains to the Department of Telecommunication or DoTs claim that the companies had underreported their revenues, as a result paying less tax to the government.

The petition was filed with Supreme Court to review its order dated 24 October, 2019 which mandated the telecom companies to pay the hefty sum of INR 92,000 crores in dues and interest to the DoT. 

The case has been ongoing for 14 years now. Tata Teleservices and Hughes Communication India have also filed a review petition. There is an ongoing merger between Tata Teleservices and Bharti Airtel, which is opposed by Department of Telecommunication (DoT).



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS


TOP STORIES

sc-tells-ncp-led-by-ajit-pawar-to-declare-use-of-clock-symbol-sub-judice
Trending Judiciary
SC tells NCP led by Ajit Pawar to declare use of Clock symbol sub judice

SC directs Ajit Pawar-led NCP to declare ‘Clock’ symbol use as sub judice in all election materials, pending final court ruling on its rightful ownership.

25 October, 2024 11:12 AM
justice-sanjiv-khanna-to-take-oath-as-chief-justice-of-india-on-nov-11-2024
Trending Legal Insiders
Justice Sanjiv Khanna to take oath as Chief Justice of India on Nov 11, 2024 [Read Notification]

Justice Sanjiv Khanna appointed as the 51st Chief Justice of India, succeeding CJI Chandrachud, with a tenure starting on November 11, 2024.

25 October, 2024 11:17 AM
sc-grants-bail-to-businessman-in-delhi-liquor-policy-scam-case
Trending Judiciary
SC grants bail to businessman in Delhi liquor policy scam case

Supreme Court grants bail to businessman Amandeep Singh Dhall in Delhi liquor policy scam case, noting the lengthy trial process with over 300 witnesses.

25 October, 2024 04:11 PM
sc-dismisses-ex-jharkhand-cms-plea-for-suspension-of-conviction-to-allow-him-contest-assembly-polls
Trending Judiciary
SC dismisses ex Jharkhand CM's plea for suspension of conviction to allow him contest Assembly polls

The Supreme Court rejects ex-Jharkhand CM Madhu Koda’s plea to stay his conviction, barring him from contesting the upcoming Assembly elections.

25 October, 2024 05:10 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email