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).
3/
*2007-19*
AGR matter was disputed in court. On 24th of October, the Supreme Court ruled in favor of the DoT.
The court calculated the liability of Bharti Airtel at Rs 21682 crore and Vodafone-Idea at Rs 28308 crore
*2007-19*
AGR matter was disputed in court. On 24th of October, the Supreme Court ruled in favor of the DoT.
The court calculated the liability of Bharti Airtel at Rs 21682 crore and Vodafone-Idea at Rs 28308 crore
4/
*23rd Jan. 2020*
Deadline for payment of the sum.
The companies were not able to pay the amount by 23rd January 2020.
*23rd Jan. 2020*
Deadline for payment of the sum.
The companies were not able to pay the amount by 23rd January 2020.
5/
*11th June 2020*
SC dismissed the plea of telecos of allowing them 20 years to pay the sum.
*11th June 2020*
SC dismissed the plea of telecos of allowing them 20 years to pay the sum.
6/
*10th Aug. 2020*
SC questions the IBC process of telecos like aircel, rel. com stating that the government won't be able to recover its dues and only banks get their share.
*10th Aug. 2020*
SC questions the IBC process of telecos like aircel, rel. com stating that the government won't be able to recover its dues and only banks get their share.
