Discover and read the best of Twitter Threads about #AGRCase
Most recents (10)
#SupremeCourt bench led by Justice L Nageswara Rao to deliver the interim judgement on the petitions of telecom companies like Bharti Airtel and Vodafone Idea seeking direction for correction of errors in Adjusted Gross Revenue (#AGR) calculation @airtelindia @VodafoneGroup 
The plea by Vodafone Idea seeks a modification or a clarification on orders which had held that the Rs 58,400 crore claimed by the telecom department to be the final AGR due amount, pointing out arithmetical errors in the government’s calculations. @VodafoneGroup
TATA too seeking recalculation of its dues has stated that Rs. 4197 cr has already been deposited by Tata Teleservices as AGR dues with DoT #supremecourt @TataCompanies
VINOD DUA SEDITION CASE:
Supreme Court today is scheduled to take up for final hearing a petition filed by veteran journalist Vinod Dua seeking quashing of the Sedition case registered against him in Himachal Pradesh.
#SupremeCourt @VinodDua7 #Sedition
Supreme Court today is scheduled to take up for final hearing a petition filed by veteran journalist Vinod Dua seeking quashing of the Sedition case registered against him in Himachal Pradesh.
#SupremeCourt @VinodDua7 #Sedition
On June 14, #SupremeCourt had granted Dua protection from arrest but had refused to stay the FIR registered against Dua in Simla.
@VinodDua7
barandbench.com/news/litigatio…
@VinodDua7
barandbench.com/news/litigatio…
In July, the Court sought details from Himachal Pradesh Police pertaining to investigation against Dua in a sealed cover.
#SupremeCourt
barandbench.com/news/litigatio…
#SupremeCourt
barandbench.com/news/litigatio…
AGR DUES:
Supreme Court begins hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by telecom companies.
The Court is currently considering the question of whether Spectrum can be sold under IBC proceedings.
#SupremeCourt
#agrcase #AGRhearing
Supreme Court begins hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by telecom companies.
The Court is currently considering the question of whether Spectrum can be sold under IBC proceedings.
#SupremeCourt
#agrcase #AGRhearing
Senior Advocate Ravi Kadam appearing for Aircel's monitoring committee is the first to address Court today.
#SupremeCourt #AGRhearing #AGR
#SupremeCourt #AGRhearing #AGR
Kadam apprises the Court of the IBC proceedings Aircel is undergoing.
Kadam submits that an affidavit has been filed on behalf of Aircel before the Supreme Court.
#SupremeCourt #AGR #AGRhearing @Aircel @airtelindia
Kadam submits that an affidavit has been filed on behalf of Aircel before the Supreme Court.
#SupremeCourt #AGR #AGRhearing @Aircel @airtelindia
AGR DUES CASE
#SupremeCourt to shortly begin its hearing in case concerning payment of AGR dues by telecom companies.
The Court is currently hearing telecos undergoing IBC proceedings on the larger question of whether Spectrum can be sold under IBC proceedings.
#SupremeCourt to shortly begin its hearing in case concerning payment of AGR dues by telecom companies.
The Court is currently hearing telecos undergoing IBC proceedings on the larger question of whether Spectrum can be sold under IBC proceedings.
Senior Counsel Harish Salve first to make submissions. There is a potential area of difference between DOT and lenders
#AGR #AGRhearing #JusticeMishra
#AGR #AGRhearing #JusticeMishra
AGR DUES:
Supreme Court to shortly begin hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by Telecom companies.
#SupremeCourt
#AGR
@VodafoneIN @airtelindia @reliancejio
Supreme Court to shortly begin hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by Telecom companies.
#SupremeCourt
#AGR
@VodafoneIN @airtelindia @reliancejio
In the previous hearing, the Supreme Court had posed the question as to why Reliance Jio, which is using RCom's spectrum under spectrum sharing agreement, should not be paying RCom's AGR dues.
@reliancejio
#SupremeCourt
@reliancejio
#SupremeCourt
This issue was raised when the Court was hearing ailing telecos on the question of whether Spectrum can be sold under IBC proceedings.
DOT had maintained, Spectrum is national property, cannot be sold by companies.
#SupremeCourt
#AGRDues
barandbench.com/news/litigatio…
DOT had maintained, Spectrum is national property, cannot be sold by companies.
#SupremeCourt
#AGRDues
barandbench.com/news/litigatio…
A brief overview of the entire #AGRCase from its inception.
@gvkreddi @Dinesh_Sairam @KhotteDePuttar
@gvkreddi @Dinesh_Sairam @KhotteDePuttar
1/
**1994**
With National Telecom Policy (NTP), the Government started allocating the telecom licenses . The deal was to pay a fixed fee for license and the spectrum per year.
But, the telecos failed to pay the amount as they were struggling even to break even.
**1994**
With National Telecom Policy (NTP), the Government started allocating the telecom licenses . The deal was to pay a fixed fee for license and the spectrum per year.
But, the telecos failed to pay the amount as they were struggling even to break even.
2/
**1999**
In 1999, New Telecom Policy was introduced which made changes in the way the telecom companies were required to pay for the license and the spectrum.
The deal was to pay a percentage of the AGR (Adjusted Gross Revenue).
**1999**
In 1999, New Telecom Policy was introduced which made changes in the way the telecom companies were required to pay for the license and the spectrum.
The deal was to pay a percentage of the AGR (Adjusted Gross Revenue).
《AGR Dues Case》
Justice Arun Mishra led bench of the Supreme Court to hear the adjusted gross revenue (AGR) case & is likely to give an order on allowing telecom companies to make staggered payments over a 15 year time period
#agrdues
#SupremeCourt
@VodafoneIN
@airtelindia
Justice Arun Mishra led bench of the Supreme Court to hear the adjusted gross revenue (AGR) case & is likely to give an order on allowing telecom companies to make staggered payments over a 15 year time period
#agrdues
#SupremeCourt
@VodafoneIN
@airtelindia
SC had on July 20 reserved its order on permitting telecom companies to make staggered payments over 15 years.
Vodafone Idea has to pay a balance of Rs 50,399 crore, while Bharti Airtel's outstanding amount is Rs 25,976 crore, said Solicitor General Tushar Mehta.
Vodafone Idea has to pay a balance of Rs 50,399 crore, while Bharti Airtel's outstanding amount is Rs 25,976 crore, said Solicitor General Tushar Mehta.
Regarding timeline of payment: Centre sought a 20 year period for payment of dues. Senior Adv Mukul Rohatgi appearing for Vodafone had agreed for 15 year period whereas TATA and other stakehokders agreed for a ten year period.
Justice Arun Mishra led bench of the Supreme Court to hear case concerning Adjusted Gross Revenue payable by telecom companies.
Earlier SC had asked all companies to submit their financial documents and plan to make the payment of the dues to the DoT
#AGR
#SupremeCourt
Earlier SC had asked all companies to submit their financial documents and plan to make the payment of the dues to the DoT
#AGR
#SupremeCourt
After the Supreme Court had questioned the DoT on its move to claim AGR dues from PSUs calling the act a "misuse" of the Supreme Court's judgment, the Centre had informed the Court earlier that the demand for AGR dues from PSUs stands withdrawn
#AGRDues
#telecomcompanies
#AGRDues
#telecomcompanies
Advocate Binu Tamta appears for Centre
Senior lawyer AM Singhvi for Bharti Airtel
Senior lawyer Mukul Rohatgi for Vodafone Idea
Senior lawyers Arvind Datar, Ramji Srinivasan for Tata Teleservices
Senior lawyer Kapil Sibal for Hughes Communications
Senior lawyer AM Singhvi for Bharti Airtel
Senior lawyer Mukul Rohatgi for Vodafone Idea
Senior lawyers Arvind Datar, Ramji Srinivasan for Tata Teleservices
Senior lawyer Kapil Sibal for Hughes Communications
Supreme Court Bench of Justices Arun Mishra, S Abdul Nazeer, and MR Shah to hear the matter concerning payment of AGR dues at 1130. @VodafoneIN @airtelindia
The Court had pulled up DoT for demanding AGR dues from PSUs observing that the judgment passed in October 2019 was silent on PSUs. The Court had also sought a response from telecom companies regarding their proposed mode and manner of payment of the dues.
Counsels during the last hearing:
SG Tushar Mehta for the Government
Abhishek Manu Singhvi for Airtel
Mukul Rohtagi had appeared for Vodafone
Kapil Sibal for Hughes Telecom
@KapilSibal @DrAMSinghvi @DoT_India
SG Tushar Mehta for the Government
Abhishek Manu Singhvi for Airtel
Mukul Rohtagi had appeared for Vodafone
Kapil Sibal for Hughes Telecom
@KapilSibal @DrAMSinghvi @DoT_India
The govt's telecom rescue package, as outlined in affidavit to SC, is too little and too late @rsprasad @narendramodi and will do nothing to help keep telcos like @VodaIdea_NEWS afloat
Hopefully, this is just the start and genuine relief will be offered
financialexpress.com/opinion/teleco…
Hopefully, this is just the start and genuine relief will be offered
financialexpress.com/opinion/teleco…
Today's column talked of how govt plan to quantify the damage SC's AGR judgment would wreak was unlikely to work. Bcoz govt's weak affidavit didn't quite highlight the extent of the impact on govt revenues & banks
Well, guess what, SC wasn't convinced @rsprasad @narendramodi
Well, guess what, SC wasn't convinced @rsprasad @narendramodi
The column
