SC to rule on AGR telecom dues case tomorrow, fate of many telcos at stake
Автор: ET Now
Загружено: 2020-08-31
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The Supreme Court will tomorrow pronounce its verdict in the much-awaited AGR telecom dues case. The court will decide the timeline for payment of AGR dues by telcos and recovery of AGR dues worth over 40,000 crores from bankrupt telecom companies. The court will also decide the legal questions on the saleability of the spectrum under IBC, and whether the right to use spectrum can be sold by private companies.
Bharti Airtel and Vodafone Idea had sought a 15 to the 20-year timeline to make AGR payments, which the court hadn't agreed to. While the top court wanted to secure payment from telcos, it supported DoT's view that telcos can't be allowed to keep the spectrum as security.
The apex court will also decide whether Reliance Jio and Bharti Airtel can be made liable to pay past dues of RCom, Videocon and Aircel due to spectrum sharing and trading agreements.
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