The Supreme Court on Friday declared a show-cause notice against these companies in a hearing on a new petition filed by the telecom companies regarding Adjusted Gross Revenue (AGR).
The Supreme Court has asked why the telecom companies have not paid the dues despite the deadline being 23 January 2020. Along with this, the Supreme Court has said that telecom officers, Airtel and Vodafone have disobeyed the court’s order by not accepting it. The court has given time till March 17 to the companies to clear the dues. The next hearing is scheduled for 17 March.
What is the whole dispute?
- There was controversy over the definition of the adjusted gross revenue of the telecom sector. Companies did not do non-business revenue sharing. DoT had sought revenue share in the rest of the business.
- This case was pending in the Supreme Court since 2005. The CAG report was causing huge losses to the government.
- The special audit of DoT upheld the demand. The government had sent a notice to the companies asking for the money but the companies challenged the government’s decision in the court.
These corporations are owed
Bharti Airtel owes more than 26 thousand crores. Vodafone-idea owes more than Rs 19000 crore while Reliance Communication owes over Rs 16000 crore. At the same time, BSNL owes Rs 2 thousand crores while MTNL owes Rs 2500 crore.