Supreme Court Rejects Telecoms' Plea To Recalculate Dues Owed To Centre

In a setback for telecom companies, the Supreme Court has rejected the plea for recomputing Adjusted Gross Revenue (AGR) owed to the government

In a setback for telecom companies, the Supreme Court dismissed the applications filed by telecom majors, including Vodafone Idea, Bharti Airtel and Tata Teleservices, for recomputing adjusted gross revenue (AGR) owed to the government. Telecom companies had moved the Supreme Court last year seeking modification in the top court's verdict in the AGR matter. "All the miscellaneous applications are dismissed," a bench headed by Justice L Nageswara Rao said while pronouncing the order. Voda Idea had claimed that its dues were 58,000 crore and debt amounted to Rs 1.8 lakh crore, and had sought a correction in its "arithmetic errors," whereas Bharti Airtel had claimed duplication and unaccounted payments.