AGR dues: Who pays for RCom, Aircel and Videocon? Supreme Court to examine

The Supreme Court on Monday sought all records of Reliance Communications, Aircel and Videocon Telecommunications to ensure that these companies did not misuse the Insolvency and Bankruptcy Code to escape their AGR dues. The three firms, which filed for bankruptcy, together owe around Rs 40,000 crore of the total Rs 1.67 lakh crore owed by various telcos as AGR dues. As is known, companies which file for bankruptcy get a moratorium on their loans and other dues.

While Aircel has sold its 3G and 4G spectrum to Bharti Airtel, RCom has traded a large portion of its spectrum to Reliance Jio. Videocon Telecommunications has also sold its spectrum to Bharti.