AGR case: Supreme Court asks government if Jio should bear Rcom AGR dues

The Supreme Court asked the government to clarify its stand if Reliance Jio should bear the adjusted gross revenue (AGR) liabilities of Reliance Communications NSE 4.08 % (RCom) for using its spectrum.

The three-judge bench also asked RCom to explain the fall in the value of its assets, even as the government stressed that airwaves of all telcos, including that of bankrupt companies like RCom, belong to the government.