AGR case: SC dismisses plea by Airtel, Vodafone Idea seeking correction of errors
Supreme Court had earlier on July 19 reserved its order
SC orders telcos to clear AGR dues in 10 years, 10% to be paid by March 31
Failure to pay the instalments of the dues would incur penalty, interest and contempt of court, the bench cautioned the telecom firms
Vodafone pays Rs 1,000 crore to DoT towards AGR dues
The apex court rejected the argument of incumbent telecom operators that the AGR only included licence and spectrum fees.
SC pulls up Centre, warns telecom firms of contempt of court
Managing Directors of telecom companies will be personally responsible and will be held for contempt of court for future newspaper articles
Vodafone Idea pays Rs 3,354 cr to govt in AGR dues
Department of Telecom raised total demand of around Rs 53,000 core for AGR liability of Vodafone Idea
Bharti Airtel pays additional Rs 8,004 cr, claims compliance with SC judgement
The payment included liabilities on Bharti Airtel, Bharti Hexacom and Telenor India.