AGR Verdict Relief! Supreme Court gives telecom operators 10 years to pay dues
AGR verdict: The Supreme Court on Tuesday allowed telecom operators 10 years to pay dues related to adjusted gross revenue (AGR). The verdict comes as a relief for telecos fighting for survival. Among others, Vodafone-Idea, which owes over Rs 58,000 cr in AGR dues, was closely watching the apex court verdict.
The top court said that issue of sale of spectrum by telecos facing insolvency proceedings shall be decided by the National Company Law Tribunal (NCLT). Source - PTI.