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Wednesday, March 18, 2020

AGR Case


AGR Case: SC scolds at Center's insistence for telecom companies, asking - 'Are we stupid?'

supreme court, AGR, vodafone idea




➥The Supreme Court on Wednesday slapped the central government for the AGR dues. The Supreme Court was upset over the central government's insistence on telecom companies. The court said that if the owners of the telecom companies wish, they will be summoned to court and sent to jail from here. The Supreme Court said the balance would not be re-evaluated.

➥"This is a contempt of court," the court said. Who asked to be re-evaluated for the balance. "This is a case of the Contempt of Court," the court said. We were not allowed to re-evaluate the balance due, yet how did this happen? "Are we stupid?". Is it a matter of respect for the court?

➥The Supreme Court said that the telecom companies think that it is the most powerful in the world. Justice Arun Mishra said that telecom companies must be compensated as per the court order. Companies must pay interest and penalties. The court said it would decide on the plea to the telecom companies at the Center for the reimbursement deadline. Two weeks later, the Supreme Court will hear the matter again.

➥The Supreme Court has asked the telecommunication company to pay the spectrum amount and gross adjusted revenue (AGR) legal debt of 1.47 lakh crore by March 17. Payment of such a large amount can affect the financial position of the companies. DoT estimates that Vodafone-Idea alone has Rs 53,000 crore left over. These companies are much more than their estimation.

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