NEW DELHI: SC grants 10-year time to telecos like Vodafone Idea, Bharti Airtel, Tata Teleservices for paying Adjusted Gross Revenue-related dues.
Telecos should pay 10 per cent of AGR-related dues by March 31, 2021 said SC.
DoT’s demand, its verdict on AGR-related dues are final, says SC, asks MDs or CEOs of telecos to give undertaking for its payment.
SC cautions telecos, says failure to pay installments of AGR-related dues will incur penalty, interest and contempt of court.
Issue of sale of spectrum by telecos facing insolvency proceedings shall be decided by National Company Law Tribunal said SC. (agencies)
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