New Delhi, July 20
The Supreme Court Monday stated it is not going to hear “even for a second” arguments on re-assessment of Adjusted Gross Revenue (AGR) associated dues of telecom firms which run into about Rs 1.6 lakh crore.
A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah reserved verdict on the difficulty of timeline for staggered fee of AGR-related dues by telecom firms.
When concern of re-calculation of the dues was raised, the bench shot again: “We will not hear arguments for re-assessment (of AGR related dues) even for a second.” The bench additionally noticed that 15 or 20 years shouldn’t be an affordable time interval and the businesses ought to come ahead with acceptable time-frame.
The Centre had earlier urged the highest court docket that as much as 20 years be given to telecom firms for the fee of dues in staggered method.
The high court docket additional stated it could look at bona fides of some telecom firms going into insolvency.
On June 18, the highest court docket was knowledgeable by the Centre that the Department of Telecommunications (DoT) has determined to withdraw 96 per cent of the Rs four lakh crore demand for AGR associated dues raised in opposition to non-telecom PSUs like GAIL.
The court docket had, nevertheless, requested the personal telecom firms together with Bharti Airtel, Vodafone Idea to return out with a “reasonable payment plan”, make some fee to “show their bona fide” and file their books of accounts for the final 10 years.
During the listening to on Monday, the bench requested Solicitor General Tushar Mehta, showing for the DoT, as to how the federal government intends to safe the AGR associated dues.
When the counsel showing for one of many telecom firms disputed the DoT’s calculation of AGR associated dues and stated that the figures should be checked, the bench shot again: “Everybody is disputing the dues. Tell us solely the instalment half and the time (for fee of dues). What is going on on this nation. We is not going to allow this to occur on this nation.
“We have decided the definition of AGR and based on that, demands have been raised by the DoT and we are not going to reopen this”.
The high court docket has posted the matter for additional listening to on August 10 on the difficulty associated to some telecom companies going into insolvency.
The apex court docket had in October 2019 delivered the decision on the AGR concern for calculating authorities dues of telecom firms akin to licence payment and spectrum utilization costs.
After the highest court docket had rejected pleas by Vodafone Idea, Bharti Airtel and Tata Teleservices in search of overview of the judgement which widened the definition of AGR by together with non-telecom revenues, the DoT had in March moved a plea in search of staggered fee over 20 years. — PTI