Disappointed with SC dismissing AGR review plea; may file curative petition: Airtel

The recovery of past dues by the government was based on adjusted gross revenue of about Rs 92,000 crore.

Published: 16th January 2020 05:53 PM  |   Last Updated: 16th January 2020 05:56 PM   |  A+A-

A Bharti Airtel office building

A Bharti Airtel office building (File Photo | Reuters)

By PTI

NEW DELHI: With the Supreme Court dismissing its review petition on AGR dues, telecom company Bharti Airtel on Thursday said it is disappointing, and evaluating options to file a curative petition in the matter.

"While respecting the Supreme Court's decision, we would like to express our disappointment as we believe the long-standing disputes raised regarding the AGR definition were bonafide and genuine," Airtel said in a statement.

The company is "evaluating filing a curative petition", it added. "The industry continues to face severe financial stress and the outcome could further erode the viability of the sector as a whole. The industry needs to continue to invest in expanding networks, acquiring spectrum and introducing new technologies like 5G," it said.

Explainer: What is AGR and why is it bogging down Vodafone and Airtel?

The money now required to pay punitive interest, penalty and interest on the penalty which forms nearly 75 per cent of AGR dues would have better served the digital mission of the country, Airtel added.

The comments came after the Supreme Court dismissed the plea of telecom majors, including Bharti Airtel and Vodafone Idea, seeking review of certain directions of the apex court on recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers.

ALSO READ: Telcos free up funds as AGR due deadline nears

The recovery of past dues by the government was based on adjusted gross revenue (AGR) of about Rs 92,000 crore.

A bench comprising Justices Arun Mishra, S A Nazeer and M R Shah did not find merit in the review plea.

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  • Ram

    These telcos refusal to adhere judgment is tantamount to not respecting the highest court. They should be taken for contempt of court and prosecuted. They should not talk all non sense as they have cheated the Government all these years by not paying by filing flimsy cases. Now when the amount is staggering and unable to pay they are crying.
    12 days ago reply
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