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Telecom #AGR judgment shortly. The #SupremeCourt bench of Justices Arun Mishra, BR Gavai and Krishna Murari assembles.
#AGRverdict: Justice Mishra starts by saying he has agreed with Mr Salve that NCLT should first decide whether spectrum can be a subject matter of resolution proceedings.
Telecom firms get 10 years ti clear #AGR dues
Instalments to be paid by Feb 7 of every succeeding year, any default will accrue interest & non-payment will also invite contempt of court proceedings: SC in #AGRverdict
* No further dispute regarding evaluation/computation of #AGR dues

* MDs, Chairmen of telcos to give affidavits on compliance

* Existing bank guarantees given by telcos to the Govt be kept alive

Here is the status of #AGR dues:
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