Vodafone-Idea AGR case: Telco seeks review of Supreme Court's July 23 ruling
Vodafone Idea's review plea on the adjustment of the AGR demand is likely to be heard by the same Supreme Court bench headed by Justice LN Rao that dismissed the July 23 ruling of telcos' earlier pleas.
Vodafone Idea has moved to the Supreme Court seeking a review of the apex court's July 23 ruling on the adjustment of "arithmetic errors" in the Department of Telecom's (DoT) demand in the adjusted gross revenue (AGR). The beleaguered telco seeks a review of SC judgment that dismissed pleas seeking the adjustment of the AGR demand.
This review plea is likely to be heard by the same SC bench headed by Justice LN Rao who delivered the AGR judgment on July 23.
Supreme Court dismissed the pleas filed by telecom majors, including Vodafone Idea, Bharti Airtel and Tata Telecommunications, raising the issue of alleged errors in the calculation in the figure of AGR-related dues payable by them. All the miscellaneous applications were dismissed.
It's important to note that only in rare cases SC reconsiders its own judgment in review pleas.
According to official data, Vodafone Idea had an AGR liability of Rs 58,254 crore, out of which it has paid Rs 7,854.37 crore while Rs 50,399.63 crore is outstanding.
The company has Rs 6,000 crore of NCDs maturing between December 2021 and February 2022. The company has AGR/spectrum liability dues/interest costs outstanding starting next year.
(Edited by : Anshul)
First Published: Aug 11, 2021 8:41 AM IST
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