India’s Supreme Court on Tuesday granted telecom operators such as Vodafone Idea, Bharti Airtel and Tata Teleservices 10 years for paying their adjusted gross revenue (AGR) related dues.
However, they should pay 10 percent of the dues by March 31, 2021.
The Supreme Court said that the demand of the Department of Telecommunications (DoT), and its verdict on AGR-related dues are final. It asked the MDs and CEOs of the telecos to give an undertaking for the payment.
Failure to pay instalments of AGR-related dues will incur penalty, interest and contempt of court.
