pennews
www.pennews.net
Rs 90,000 cr AGR dues: No looking back, rules apex court
National

Rs 90,000 cr AGR dues: No looking back, rules apex court

Agency News

New Delhi, Jan 16 : The Supreme Court on Thursday dismissed all review petitions filed by Airtel, Vodafone Idea and other telecom majors against its order to pay Rs 90,000 crore to the Centre in connection with Adjusted Gross Revenue (AGR). A three-judge bench, headed by Justice Arun Mishra, negated all the pleas after an in chamber hearing today.

The order binds the telecom majors to shell out by next Thursday over Rs 90,000 crores in dues of AGR to Government. Apex Court also dismissed the review petitions filed by telecom companies seeking relief on interest, penalty payment and others. The telecom companies had moved the Supreme Court against its order of October 24, last year, in which it had asked them to pay to the Union government a sum of around Rs 90,000 crores as AGR. On October 24, last year, Apex Court had allowed the Centre's plea and rejected the claim of the telecom majors to not shell out this amount to Union of India. (UNI)