US EditionSupreme Court allows Centre to examine Vodafone Idea’s plea against DoT’s AGR demands
- On October 27, the Supreme Court of India allowed the Centre to reconsider Vodafone Idea Ltd's plea to quash DoT's AGR demands for 2016-17, with Chief Justice B.R. Gavai leading the case.
- The AGR framework, which calculates licence fees, explains how inclusion of non-telecom income led to massive liabilities for telecom operators, crystallised by the Supreme Court's 2019 judgment and earlier this year refusal to review the 2021 order.
- Vodafone Idea Ltd challenged a DoT's additional demand of 5,606 crore for FY 2016-17, with shares opening at Rs 9.63, touching Rs 9.80, and last at Rs 9.68.
- The bench noted the issue falls within the Union's policy domain and the Solicitor General said the Centre now holds 49 in Vodafone Idea and around 20 crore customers depend on its services, prompting reconsideration.
- Market indicators show recent momentum with a 10.92 per cent five-day gain, and the VIL share trades above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
21 Articles
21 Articles
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Vodafone Idea AGR Due Hearing: Supreme Court Allows Centre To Reconsider Issue of Adjusted Gross Revenue Due Worth INR 9,450 Crore of Telecom Company | 📲 LatestLY
In a relief for Vodafone Idea, the Supreme Court on Monday allowed the Centre to reconsider the issue of Adjusted Gross Revenue (AGR) dues worth Rs 9,450 crore to ease the burden of the loss-making telecom company. The court reasoned that this matter falls in the Union’s policy domain. 📲 Vodafone Idea AGR Due Hearing: Supreme Court Allows Centre To Reconsider Issue of Adjusted Gross Revenue Due Worth INR 9,450 Crore of Telecom Company.
SC allows Centre to examine Vodafone Idea’s plea against DoT’s AGR demands
New Delhi: The Supreme Court on Monday permitted the Centre to consider telecom major Vodafone Idea Ltd’s plea seeking quashing of the Department of Telecommunication’s additional adjusted gross revenue (AGR) demands for the period up to 2016–17, observing the issue falls within the policy domain of the government. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran passed the order while hearing a writ petition filed by Voda…
Supreme Court allows Centre to examine Vodafone Idea’s plea against DoT’s AGR demands
A Bench comprising Chief Justice of India B.R. Gavai and Justice K. Vinod Chandran passed the order while hearing a writ petition filed by Vodafone Idea challenging fresh AGR-related demands raised by the DoT
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