SC adjourns March 16 telcos hearing on recomputation of AGR  

The Supreme Court has adjourned the hearing of Bharti Airtel and Vodafone Idea’s plea over AGR recomputation today, which was scheduled at 10.30 am. The telecom majors have claimed arithmetic errors, double counting of revenue, inadmissible deductions and unaccounted payments. According to CNBC-TV18, the bench is examining the Maratha reservation case currently.

Here are the latest updates on the AGR dues case today:

• AGR dues recomputation case likely to be adjourned reports CNBC-TV18’s Ashmit Kumar. All senior lawyers are busy with the Maratha reservation case. Maratha case to go for the entire day.
• Implications of Sept 2020 AGR Verdict; SC closes chapter of Rs 1.69 lakh cr dues, gives telcos 10 years to repay: In what comes as a disappointment for Bharti Airtel, and more so for Vodafone Idea, Justice Arun Mishra-led bench of the Supreme Court has refused to allow telecom companies to make payment of AGR dues over 20 years. The court has instead allowed only a 10-year window for the telcos to repay. The government had sought 20 years for the telecom companies to make payment for the balance AGR dues, while Vodafone Idea and Bharti Airtel, the two most affected firms, had sought 15 years for the same.
• Here are the major highlights from the September 2020 verdict in the AGR dues case.
• Here are the key facts related to the AGR dues case and its verdict.

CNBCTV18