Key Points
New Delhi [India], September 19 (ANI): The Supreme Court has dismissed the curative pleas of telecom companies seeking correction of alleged errors in the computation of Adjusted Gross Revenue (AGR) dues payable by them...
In July 2021, the Supreme Court had dismissed the plea of telecom majors, including Bharti Airtel and Vodafone Idea, seeking correction of errors in calculation of AGR dues payable by them as per the top courts 2019 judgement...
The first challenge, the company said was to the direction of the top court where it had said that demands made by the DoT would be final and that even the manifest/clerical/arithmetical errors in the computation of dues could not to be rectified and the licensees would be compelled to make payment of the tentative/provisional show-cause cum demands raised by the DoT...
The plea had said that the second direction challenged by the telecom company was the apex court courts order that the licensees would be liable to pay penalty of 50 per cent of the entire amount of short-payment and interest on the said penalty at a rate which will be 2 per per cent above the prime lending rate of State Bank of India and that too compounded monthly (In addition to interest for delayed payment which itself being very high is penal in nature)...
It had added, The petitioner is already on the verge of a financial crisis, which threatens its very existence and the judgement passed by this Court prohibiting even the corrections of clerical and arithmetical errors in the demands, foreclosing any reduction of the amount payable by thousands of crores of rupees and further imposing a penalty and interest on penalty, is highly unjust...
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SC rejects telecom firms’ curative petitions on AGR re-computation
20, Sep, 24The Supreme Court has dismissed telecom firms’ curative petitions, including those filed by Vodafone Idea and Bharti Airtel, seeking correction of alleged errors in calculating the adjusted gross revenue (AGR).