The Supreme Court docket on Friday requested the Secretary of the Division of Telecommunications (DoT) to file an in depth affidavit on the difficulty of the dues to be paid by corporations utilizing shared spectrum. The highest court docket was listening to the adjusted gross income (AGR) fee matter. A 3-judge bench, headed by Justice Arun Mishra, requested the telecom division Secretary to submit the detailed reply on previous dues, dates of grant and switch of licenses, and adjourned the matter for additional listening to on August 24.
Senior Supreme Court docket lawyer Niraj Kishan Kaul, showing for Videocon Telecom’s decision skilled, argued that the AGR dues stand at a crystallised at round of Rs 1,376 crore.
He stated that the waterfall mechanism Insolvency and Chapter Code (IBC) apply to all the federal government money owed as per the previous Supreme Court docket verdict.
Suppose 23 per cent of RCom’s spectrum was being utilized by RJio, what is the quantity paid by RJio, the court docket requested.
The Supreme Court docket was listening to a batch of petitions looking for staggered fee of AGR dues to the tune of round Rs 92,000 crore to the Authorities of India by numerous telecom corporations, together with Airtel and Vodafone Concept.
Earlier, the highest court docket had requested the DoT to file its detailed response on whether or not the AGR dues of RCom needs to be recovered from Reliance Jio.
In a significant setback to telecom corporations, the Supreme Court docket had in October final yr, rejected the attraction filed by the telecom corporations in opposition to the Centre’s definition of AGR and upheld the Central authorities’s plea on the estimation of AGR at round Rs 92,000 crore.