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AGR case highlights | SC reserves order on time to be allowed for staggered repayment of AGR dues

The SC has said there is no scope for any re-assessment of said AGR dues. Next hearing in the matter scheduled for August 10.

July 20, 2020 / 05:32 PM IST

The Supreme Court (SC) on July 20 heard the plea by telecom companies to allow staggered repayment of their adjusted gross revenue (AGR) dues. A three-judge bench of Justices Arun Mishra, S Abdul Nazeer and MR Shah heard the case.

The court reserved the order on the time to be provided to telcos for the repayment of AGR dues. The next hearing in the matter has been scheduled for August 10.

The court observed that there can be no going back on AGR dues and said the calculation given by the telecom department is to be treated as final, adding that there is no scope for any re-assessment or re-calculation of said dues.

It also said that it wants to look into the bonafide of the decision to invoke insolvency on the part of several companies with AGR dues of over Rs 38,000 crore, that are currently in liquidation. Accordingly, it has asked RComm, Videocon and Aircel to submit all records and details of insolvency within seven days.