Tribune News Service
New Delhi, September 1
The Supreme Court will on Tuesday pronounce its verdict on a attainable timeline for staggered fee of Adjusted Gross Revenue dues of about Rs 1.6 lakh crore by telecom corporations and different associated points.
A Bench headed by Justice Arun Mishra may also resolve if a telecom firm dealing with proceedings beneath the Insolvency and Bankruptcy Code (IBC) can promote spectrum and the way AGR dues could be recovered from them.
It may also give its discovering on fee of dues, if any, on Jio and Airtel which have spectrum sharing pacts with RCom, Aircel and Videocon respectively.
The Centre had stated there was a distinction of opinion between the Department of Telecom (DOT) and the Ministry of Corporate Affairs on sale of the spectrum throughout insolvency proceedings.
The prime courtroom had on October 24, 2019, dominated that the statutory dues wanted to be calculated by together with non-telecom revenues in what is called AGR of telcos. Later, it had rejected their overview petitions, saying there was no “justifiable reason” to entertain their pleas.
Telcos wished to make a staggered fee, contending that they confronted monetary constraints. The DoT had supported their plea and urged the courtroom to permit staggered fee AGR dues by telcos within the subsequent 20 years.
The Bench, which additionally included Justice BR Gavai and Justice Krishna Murari, had reserved the decision on July 20 on the facet of granting timeline to telcos for staggered fee of AGR- associated dues.
However, the Bench had made it clear that it’ll not hear “even for a second” any arguments on reassessment or re-calculation of AGR.
During the listening to, it had requested telcos to furnish books of accounts for the final ten 12 months. It had stated 15-20 years sought by some telecos was not cheap.
Last month, the DoT had stated all liabilities, together with AGR-related dues, must be cleared by telecos earlier than spectrum buying and selling.
The DoT had stated it will possibly search to recuperate dues from sellers and patrons of the spectrum, collectively or individually.
The DoT had stated that no demand has been raised towards Reliance Jio and Airtel for half dues of Reliance Communications (RCom) and Videocon respectively.