The government had approached the apex court seeking approval to a formula allowing telcos to pay their remaining AGR dues in annual installments over the next 20 years or so
A Bench of Justices Arun Mishra and M R Shah, hearing the DoT plea in the AGR matter, said if SC allowed a plea like this, it would also become party to a fraud
The fresh plea stated that telecom service providers who were liable to make payments have started making payments
COAI, representing the telecom industry, has called it a "comprehensive petition"
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Company owes Rs 6,854 cr as principal amount from FY07 to FY19
"Do not pay anything. Do not pay this. Do not pay the AGR (Adjusted gross revenue) also," the bench said while dismissing the appeal of the telecom firm.
Adverse impact on the functioning of telecom companies will hurt economy and consumers, says telecom department.
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On February 14, the Supreme Court had directed telecom companies to pay the AGR-related liabilities to the government by March 17
The Department of Telecommunications had sought to levy a one-time spectrum charge on telecom service providers
The DoT has sought to levy a one-time spectrum charge over 6.2 MHz held by the telco
In case of Vodafone Idea Ltd (VIL), the DoT is seeking over Rs 53,000 crore
Brijendra K Syngal, who is approaching the ninth decade of his life, reminds you that telecom policy was just as tumultuous years ago as it is now.
The market price of the telecom services provider was trading at its highest level since January 27, 2020.
The telecom service providers have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance, MoS for communication said in RS
Says SC order did not specify quantum of dues to be paid
Tata Teleservices has paid about Rs 4,197 crore, while Rs 3.9 crore has been received from Reliance Communications
Emerging from a meeting with Telecom Secretary Anshu Prakash on Wednesday, Mittal said, 'They said pay full....we have paid full dues'
The SBI has reduced its fixed deposit rates for certain tenors and marginal cost of funds-based lending rates (MCLR) across various tenors