Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks

The Supreme Court addressed the AGR issues and slammed the telcos along with DoT. As per the Supreme Bench, telcos should not have been permitted the self-assessment of their AGR dues. However, the supreme court has considered the government’s plea to allow a deferred payment mechanism to the stressed telcos. Earlier, the Supreme Court backed the Department of Telecommunications (DoT) and stated that AGR dues must include non-core items. The Supreme Court also said that they would not spare the telecom operators and DoT officials involved in the self-assessment of AGR dues.

Self-Assessment of AGR dues is Contempt of Court
Justice Arun Mishra noted that self-assessment of AGR dues is contempt of court and the bench is ready to call managing directors of the companies and send them to jail. Not only this, but the court also ordered that telcos have to pay the entire amount of interest and penalty as per their judgement. However, the Supreme Court bench will consider the deferred payment mechanism, as suggested by the government.
Justice Arun Mishra addressed the solicitor general Tushar Mehta and noted that media platforms and government officials have been trying to influence the decision of the court and misled the entire nation regarding the self-assessment of AGR dues. However, the self-assessment of AGR dues is a sheer violation of the bench orders.
Telcos Self-Assessed Dues are Lower Than DoT
Though the Supreme Court declared the self-assessment of AGR dues as a violation of bench orders. The telco giants earlier calculated their AGR dues and started clearing them off as per their calculations. As per Vodafone Idea, the AGR dues stand at Rs 21,000 crore out of which Rs 7,000 crore is the principal amount which the telco has already cleared a few days back.