Thread by @barandbench

JUDGMENT ALERT: AGR DUES

Supreme Court today will deliver its judgment on the timeframe to be allowed for the telecom companies to make staggered payment of their AGR dues.

#SupremeCourt @DoT_India #AGR @VodafoneIN @airtelindia @reliancejio

A three-Judge Bench headed by Justice Arun Mishra will also answer whether spectrum can be sold under IBC proceedings, a question the Bench had raised during the hearings on the case.

#SupremeCourt #AGR

The Judgment is expected to be pronounced at 11.30AM.

The Court is also likely to rule on the liability of telecom companies towards AGR under Spectrum sharing and spectrum trading agreements.

#SupremeCourt #AGR

Q's that will be answered by Supreme Court

1) Whether 20 Years period to repay AGR Dues will be given?

2) Whether spectrum can be sold as part of IBC proceedings and the effect of spectrum sharing & licence trading agreements between Telcos?

#SupremeCourt #AGRhearing

Bench Assembles.

#SupremeCourt #AGRhearing #agrdues #AGR

Justice Mishra: We agree with Harish Salve's submission that whether spectrum can be sold or not should be decided by NCLT at the first instance

#SupremeCourt #AGRhearing #agrdues #AGR

So we have asked NCLT to decide this question.

#SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR

Supreme Court allows a period of 10 years for the telecom companies to repay AGR dues

#SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR

SC allows time till March 31, 2021 to pay the 10% of the dues, says that this period has been extended till March 31 due to COVID-19

#SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR #COVID

In case of default on the payment of annual instalments, interest would accrue, may also invite contempt of Court

#SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR #COVID

The date fixed for annual installment is February 7

#SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR #COVID

[Breaking] Supreme Court allows telcos to pay AGR dues within 10 years, NCLT to decide whether spectrum can be sold #SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR #COVID19 #AGR

bit.ly/3jAn0mC

Existing bank guarantee given to be kept alive and Managing Director to give the undertaking to comply with the schedule

#SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR #COVID

SC clarifies again that no revaluation as regards AGR dues to be allowed

#SupremeCourt #AGRhearing #agrdues #AGRCaseUpdate #AGR #COVID