Supreme Court to hear telcos’ AGR pleas next week

The Supreme Court on Tuesday agreed to hear the incumbent telecom companies’ pleas on the Adjusted Gross Revenue (AGR) issue next week, even as January 23 is the deadline for paying the dues. The apex court is yet to fix a date for the next hearing.

“We mentioned the matter today at the Supreme Court, and the court has listed the application for next week. As of now, there is no respite for the January 23 deadline,” Shally Bhasin, partner with Delhi-based Agarwal Law Associates, which represents Vodafone Idea, told BusinessLine.

On Monday, Vodafone Idea, Bharti Airtel and Tata Teleservices moved a joint application before the Supreme Court seeking modifications to the earlier ruling that said the telecom companies should pay their AGR dues before January 23.