Vodafone Idea moves to Supreme Court on AGR dues

Vodafone Idea on Thursday moved the Supreme Court seeking clarification/modification to its September last year’s order to allow the company to carry out corrections relating to manifest/clerical/arithmetic errors on the Adjusted Gross Revenue (AGR) dues.

Vodafone Idea approached the Apex Court, a day after Bharti Airtel sought recalculation AGR dues.

Insisting that the company is not seeking “reassessment or raising any dispute regarding AGR,” Vodafone Idea said that it wants a modification to “a limited extent of allowing to carry out corrections.”
The excess demand upon the applicant (Vodafone) which is attributable to these errors amounts to Rs 5,932 crore of principal amount, which would have an overall impact of over four times on the total principal amount … due to imposition of interest, penalty and interest on penalty,” Vodafone stated in its fresh application.

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