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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Tata Teleservices Limited (TTSL) has approached the Supreme Court of India demanding a recalculation of adjusted gross revenue (AGR) dues. As per the telco, the Department of Telecommunications (DoT) hasn’t calculated the dues correctly. TTSL said that the telecom department made arithmetical errors in the calculation of dues, which resulted in a higher amount than how much it should have been according to the company lawyers. It is worthy to note that the same claims have been made by Bharti Airtel and Vodafone Idea (Vi) about the AGR dues they have to pay to the government — more details on the story ahead.
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Tata Teleservices Say DoT Double-Counted Monthly Interest and Penalties
As per a report from ET Telecom, TTSL has claimed in the Supreme Court that the telecom department has double-counted and added those penalties and monthly interest on the total AGR dues which need to be corrected/adjusted. The telco has paid Rs 4,197 crore out of its total dues of Rs 16,798 crore.
It is worth mentioning that the operator sold its mobile communications business to Bharti Airtel but still has the dues it needs to pay over 10 instalments by 2031 as per a court order issued last year. Both Vi and Airtel have also appealed at the apex court to adjust the incorrect AGR dues that DoT has calculated.
It all started with Airtel moving to the court a few days back and filing a petition claiming that DoT has made several errors in calculating AGR dues. Airtel was followed by Vi, which also claimed the same thing.
