The Supreme Court<\/a> has ordered telos to pay their adjusted gross revenue (AGR<\/a>) dues over the next 10 years till March 2031, dealing a big blow to Vodafone Idea<\/a>, whose shares tanked 20% after the verdict was pronounced. 的最高法院已下令目的支付调整收入总额(AGR)会费未来10年,直到2031年3月,一个巨大的打击沃达丰的想法股价下跌20%,此前的裁决被宣布。 The Supreme Court<\/a> has ordered telos to pay their adjusted gross revenue (AGR<\/a>) dues over the next 10 years till March 2031, dealing a big blow to Vodafone Idea<\/a>, whose shares tanked 20% after the verdict was pronounced.
The apex court also ordered the bankruptcy court to decide on whether airwaves can be subject to insolvency proceedings This issue came to the forefront when the Department of Telecommunications (DoT) highlighted that bankrupt telcos have not paid AGR dues of Rs 40,000 crore.
A three-judge bench led by Justice Arun Mishra, comprising Justices S Abdul Nazeer and MR Shah has asked all telcos to clear their AGR dues upwards of Rrs 1.6 lakh crore within the next 10 years. Telcos though need to pay 10% of their upfront by March 31. They have to pay the instalments by February 7 every year to meet March 31 deadlines annually, till 2031.
Shares of cash strapped Vodafone Idea tanked by 14.92% on the BSE within minutes of the judgement to trade at Rs 8.67 a piece. Shares of Airtel<\/a>, with a stronger balance sheet, however jumped nearly 6%.
The bench has asked MDs and chairmen of telcos to submit affidavits, existing bank guarantees to be kept alive and ensure that annual installments are paid, failing which contempt proceedings will begin.
<\/p>Read also<\/h4>
![\"DoT](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/a><\/figure>DoT to SC: AGR paid by telcos so far not final; full calculations only after court order<\/a><\/h5><\/div>
<\/a><\/figure>Supreme Court AGR ruling today: Vodafone Idea's face hangs by a thread<\/a><\/h5><\/div><\/div><\/div>
\"Every year by 7 Feb, payment to be made and telecom companies will have to face contempt proceedings and also have to pay penalty in case of default in payment of annual installment,\" observed the bench.
The government had sought a 20-year time frame for the AGR payments, while Vodafone Idea (with over Rs 50,400 crore due) and Bharti Airtel (almost Rs 26,000 crore pending) have asked for 15 years. Vodafone Idea has said it would be forced to shut shop if made to pay its dues at one go.
The decision comes in despite the government seeking a 20 year timeline for AGR due payment. While VIL has so far paid Rs 7,854 crore, Airtel has paid over Rs 18,000 crore. Reliance Jio, which started operations in September 2016, was the least affected by the AGR case and has cleared its dues of Rs 195 crore.
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法院还下令破产法庭决定电视能否接受破产程序这个问题异军突起,当电信部(点)强调,破产电信公司没有支付AGR会费40000卢比。
率领一个由三名法官组成的长椅上正义Arun Mishra由大法官Abdul岬角和沙先生已经要求所有电信公司明确他们的AGR会费Rrs 1.6以上的多数部门盈利在未来10年。电信公司虽然需要支付10%的预付金,3月31日。他们必须支付分期付款以每年2月7日,以满足每年3月31日的最后期限,直到2031年。
法官已要求MDs和电信公司主席提交宣誓书,现有银行担保保留,确保年度分期支付,否则将开始蔑视诉讼。
“每年2月7日,付款是和电信公司将不得不面对蔑视程序也必须支付罚款的年度分期付款违约,”观察到替补席上。
政府寻求AGR的20年的时间内支付,沃达丰的想法(超过50400卢比)和Bharti Airtel(几乎26000卢比悬而未决)要求15年。沃达丰的想法已表示,它将被迫关闭商店如果用来支付会费。
尽管政府的决定是寻求20年AGR到期付款时间表。虽然维尔迄今已支付7854卢比,Airtel支付了18000卢比。依赖Jio于2016年9月开始运营,至少AGR的影响情况下,清除了195卢比的会费。
The apex court also ordered the bankruptcy court to decide on whether airwaves can be subject to insolvency proceedings This issue came to the forefront when the Department of Telecommunications (DoT) highlighted that bankrupt telcos have not paid AGR dues of Rs 40,000 crore.
A three-judge bench led by Justice Arun Mishra, comprising Justices S Abdul Nazeer and MR Shah has asked all telcos to clear their AGR dues upwards of Rrs 1.6 lakh crore within the next 10 years. Telcos though need to pay 10% of their upfront by March 31. They have to pay the instalments by February 7 every year to meet March 31 deadlines annually, till 2031.
Shares of cash strapped Vodafone Idea tanked by 14.92% on the BSE within minutes of the judgement to trade at Rs 8.67 a piece. Shares of Airtel<\/a>, with a stronger balance sheet, however jumped nearly 6%.
The bench has asked MDs and chairmen of telcos to submit affidavits, existing bank guarantees to be kept alive and ensure that annual installments are paid, failing which contempt proceedings will begin.
<\/p>Read also<\/h4>
<\/a><\/figure>DoT to SC: AGR paid by telcos so far not final; full calculations only after court order<\/a><\/h5><\/div>
<\/a><\/figure>Supreme Court AGR ruling today: Vodafone Idea's face hangs by a thread<\/a><\/h5><\/div><\/div><\/div>
\"Every year by 7 Feb, payment to be made and telecom companies will have to face contempt proceedings and also have to pay penalty in case of default in payment of annual installment,\" observed the bench.
The government had sought a 20-year time frame for the AGR payments, while Vodafone Idea (with over Rs 50,400 crore due) and Bharti Airtel (almost Rs 26,000 crore pending) have asked for 15 years. Vodafone Idea has said it would be forced to shut shop if made to pay its dues at one go.
The decision comes in despite the government seeking a 20 year timeline for AGR due payment. While VIL has so far paid Rs 7,854 crore, Airtel has paid over Rs 18,000 crore. Reliance Jio, which started operations in September 2016, was the least affected by the AGR case and has cleared its dues of Rs 195 crore.
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