InvestorQ : What is the latest on the AGR case pertaining to Jio liability in RCOM case?
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What is the latest on the AGR case pertaining to Jio liability in RCOM case?

Answer
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1 month ago


Even as the apex court is holding off its decision on the AGR case, it is surely getting more complicated by the day. Now, the Supreme Court has asked the government of India to clarify why Jio should not be asked to pay the outstanding AGR dues of RCOM.

It may be recollected that Reliance Jio is currently earning revenues by sharing RCOM’s spectrum. However, RIL has argued that there has been no spectrum transfer, which is treated as government property. SC has asked DOT to furnish year-wise dues of RCOM.

Jio side of the case was argued by the redoubtable Harish Salve. Salve has argued that Reliance Jio had not acquired any spectrum from RCOM, nor was it involved in any proceedings under the IBC Act and hence Jio was not liable for any charges of RCOM.

Earlier, the proposed deal between RCOM and Reliance had not actually materialized due to concerns over valuations. The AGR case has been hanging for over 15 years and a final judgment from the Supreme Court may help to finally put a conclusion to the dispute.