Telecom AGR dues hearing Highlights: SC reserves order on 20-yr payout window, refuses to entertain recalculation

Supreme Court AGR dues hearing Highlights: Supreme Court reserved its order on the timeline of payment of adjusted gross revenue (AGR) dues by telecom companies. The next hearing will be held on August 10 on the issue of companies which have gone into liquidation. Supreme Court said that it has heard parties on liability and timeframe for making the payment. During the AGR case hearing in Supreme Court, Justice Arun Mishra said, “You all are wasting your and our time and energy, what kind of exercise you people are doing. Why you people are arguing for this now? We will impose exemplary costs on telecom companies.” Mukul Rohtagi who represented Vodafone idea pleaded the court with folded hands and said, “Please give 15 years to pay the rest of the amount.”