InvestorQ : What was the outcome of the Supreme Court ruling on the AGR issue and what does that mean to Bharti Airtel and Vodafone Idea?
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What was the outcome of the Supreme Court ruling on the AGR issue and what does that mean to Bharti Airtel and Vodafone Idea?

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Anu Biswas answered.
3 months ago
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Actually, there was no tangible progress on 10 August. The Supreme Court directed the government to prepare a detailed plan on how to recover adjusted gross revenue (AGR)- dues from the telecom companies.

The SC pointed out that recoveries could be really sticky due to the delicate financial position of telcos. Therefore the court adjourned hearing on the matter to August 14. In fact, the Supreme Court specifically pointed out the cases of Reliance Communications, Aircel and Videocon Communications.

The above companies were already bankrupt with little hopes of the government being able to recover anything. The court wanted to be clear on the government plan to recover these dues. Insolvent companies owe Rs.38,964 crore to the DOT. It has reserved its order on staggered payment.

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