The Supreme Court has adjourned the hearing of the AGR case in relation to the bankrupt telcos to August 14, 2020, directing the government to prepare a plan to recover dues from telcos undergoing insolvency proceedings.
Earlier on July 20, 2020, the apex court had directed the Department of Telecommunications (DoT) to submit details of insolvency proceedings of bankrupt telcos. As per DoT’s estimates, such telcos together owe Rs 389.64 billion in AGR dues.
The Supreme Court has also reserved its order on staggered payment of AGR-related dues by telecom operators including Vodafone Idea, Bharti Airtel and Tata Teleservices. Both Vodafone and Airtel had requested for a 15-year window to clear the dues, while Tata Teleservices has sought 7-10 years.
Further, the supreme court has also asserted that there exists no scope for self-assessment of AGR dues by telcos and operators have to treat the AGR dues calculated by the DoT as final.