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AGR situation: No technicality to come in way of recovering dues, claims SC

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Reiterating its stand on the payment of altered gross revenue (AGR) dues by telecom firms, the Supreme Courtroom on Tuesday stated no “technicality” would appear in the way of implementing the restoration of levies.&#13
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The court docket noticed telcos could not address spectrum dues as operational dues simply because airwaves ended up the basis of functions. Under the revenue sharing routine at present in location, spectrum dues are not able to be dealt as operational dues.&#13
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Harish Salve, senior advocate appearing for Reliance Jio, clarified that the company had compensated the AGR dues, including these derived from revenue attained by use of shared spectrum of RCom. In addition, it has paid .5 for each cent more SUC for sharing the spectrum as for each Division of Telecommunications’ guidelines. He also explained Jio experienced paid Rs 195 crore based mostly on SC judgment in AGR circumstance.&#13
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The apex courtroom had sought spectrum sharing information of all the bankrupt entities and observed that Jio had been working with RCom spectrum for the earlier four yrs and was liable to pay out the AGR dues.&#13
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Justice Arun Mishra mentioned the SC are unable to allow AGR payments to be made in 20 many years as they may go bankrupt in these quite a few yrs.&#13
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This observation casts a shadow on Vodafone Idea’s operations as the firm has time and again pleaded that it was not in a position to fork out the dues and may well even stare at folding operations.&#13
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“With the issue of the timeline for AGR payment continue to undecided, the potential of the likely issue is mostly undetermined. If the apex courtroom decides on a 10-year repayment tenure, it would pose as a grave problem for the personal debt-ridden Vodafone Strategy,” Sonam Chandwani, handling associate at KS Authorized & Associates reported.&#13
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If the Supreme Court decides on a 15-12 months repayment schedule, Vodafone Concept will experience some worries but that will definitely be a lot less. With the two-calendar year moratorium time period in spectrum payments, Vodafone Thought could remain afloat if tariffs maximize and divestments thrive, nonetheless, this may possibly be a obstacle thanks to the pace at which the organization missing its buyers in the earlier couple quarters, she reported.&#13
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The subsequent hearing in the make a difference has been adjourned till August 19.&#13
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On August 14, the Supreme Court had sought specifics of the telecom operators using the airwaves allotted to the now bankrupt organizations, which include Aircel and RCom.&#13
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It directed the Union govt, Reliance Jio, and RComm’s resolution professionals to develop documents to determine the AGR liabilities of RCom.&#13
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On August 10, the courtroom had stated the Union government really should get ready a approach to recover AGR dues from bankrupt telecom operators, like RCom.&#13
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In accordance to the DoT’s calculations, Bharti Airtel owes the exchequer Rs 43,780 crore, of which the company has paid Rs 18,004 crore.&#13
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Vodafone Idea has compensated Rs 7,854 crore of its Rs 50,399 crore dues. Tata Teleservices has paid about Rs 4,197 crore and the balance is about Rs 12,601 crore.&#13
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The DoT has evaluated a liability of Rs 25,194.58 crore for Reliance Communications as of March 6, 2020.&#13

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