Airtel seeks review of AGR arrears

Telecom major Airtel on Wednesday filed an application seeking the recalculation of its adjusted gross revenue (AGR) dues as it has already shelled out Rs 18,000 crore towards the arrears and now wants a fresh appraisal of the dues.

In its application, which is yet to be formally listed for hearing, Airtel has pleaded that while passing the judgment in October last year and the subsequent direction in September this year, the apex court bench led by Justice Arun Mishra (since retired) had failed to consider several crucial contentions raised by the telecom companies.

“Payments made weren’t factored in by the DoT while raising demands for the circle/year. Duplication in revenue by adding it twice from different audit reports led to a rise in AGR dues,” the application had said.