‘Misconceived’: SC junks pleas by Airtel, Vodafone for waiver of AGR dues | India Information
NEW DELHI: In a setback to Airtel and Vodafone Concept, Supreme Court docket on Monday dismissed their plea for waiver of curiosity and penalty regarding adjusted gross income (AGR) dues, that are to the tune of Rs 80,000 crore.The order can even affect Tata Teleservices.The excellent AGR following the unique SC ruling in 2019 to recuperate dues from the business stands at a bit of underneath Rs 1.5 lakh crore. Solely Reliance Jio got here out near-safe because it ventured into telecom in 2016 and had a small publicity to previous dues and changes.
Although the businesses sought an adjournment, a bench of Justices J B Pardiwala and R Mahadevan turned down their plea and dismissed their petitions, which it mentioned had been “surprising and misconceived”. The court docket additionally requested how multinational corporations had filed petitions underneath Article 32 (in search of cures for enforcement of rights).
