SC allows Centre’s plea to recover adjusted gross revenue from telcos

The Supreme Court on Thursday allowed the Centre’s plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from telecom service providers.

A three-judge bench, headed by Justice Arun Mishra, upheld the definition of the adjusted gross revenue formulated by the Department of Telecom (DoT).

“We have held that the definition of AGR will prevail,” the bench, also comprising Justices Vineet Saran and S Ravindra Bhat, said.

“We have allowed the appeal of the Department of Telecom and dismissed that of licensees (telcos),” the top court said while reading the operative portion of the judgement.