InvestorQ : When is the final judgment expected in the AGR case which is important for telecom companies like Bharti Airtel and Vodafone Idea?
Juvina Maggie made post

When is the final judgment expected in the AGR case which is important for telecom companies like Bharti Airtel and Vodafone Idea?

Answer
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Angel dcosta answered.
3 months ago


Supreme Court has directed telecom companies to provide all financial documents and has given DOT time until July third week to consider the timetable given by the telcos on payment AGR dues. SC was hearing a petition to allow telcos to make staggered payment of AGR dues. DOT has already taken a decision to withdraw the demand for dues from PSUs since they are not in the business of providing telecom services. This is in line with the instructions of the SC. However, Mukul Rohtagi argued on behalf of Vodafone Idea that the situation was extremely precarious for the company as it involved an issue of solvency.