{"id":4101,"date":"2025-02-14T08:18:06","date_gmt":"2025-02-14T08:18:06","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=4101"},"modified":"2025-05-13T18:33:39","modified_gmt":"2025-05-13T13:03:39","slug":"sc-rejects-vodafone-idea-airtels-agr-review-plea-no-relief-on-dues","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/sc-rejects-vodafone-idea-airtels-agr-review-plea-no-relief-on-dues\/","title":{"rendered":"SC Rejects Vodafone Idea &#038; Airtel\u2019s AGR Review Plea: No Relief on Dues"},"content":{"rendered":"<p data-start=\"105\" data-end=\"120\">Highlights:<\/p>\n<ul data-start=\"122\" data-end=\"641\">\n<li data-start=\"105\" data-end=\"190\">Supreme Court dismisses AGR review petitions by Vodafone Idea &amp; Bharti Airtel<\/li>\n<li data-start=\"191\" data-end=\"263\">Telecom firms claim errors in government\u2019s AGR dues calculations<\/li>\n<li data-start=\"264\" data-end=\"333\">Vodafone Idea faces a \u20b925,000 crore hit; Airtel also impacted<\/li>\n<li data-start=\"334\" data-end=\"389\">Shares of Vodafone Idea fall 2.43% post-verdict<\/li>\n<li data-start=\"390\" data-end=\"460\">Curative petitions likely to be filed as the last legal option<\/li>\n<\/ul>\n<h2 data-start=\"648\" data-end=\"731\">Supreme Court Ruling: No Relief on AGR Dues<\/h2>\n<p data-start=\"521\" data-end=\"716\">India\u2019s Supreme Court (SC) has dismissed review petitions filed by Vodafone Idea and Bharti Airtel seeking corrections in the adjusted gross revenue (AGR) dues calculations.<\/p>\n<h3 data-start=\"718\" data-end=\"828\">SC\u2019s Verdict (Bench of Chief Justice Sanjiv Khanna, Justice Abhay S. Oka, and Justice Sanjay Kumar):<\/h3>\n<p data-start=\"829\" data-end=\"953\">\ud83d\udccc <em data-start=\"832\" data-end=\"951\">\u201cWe have carefully perused the review petitions\u2026 no case for review is made out. The review petitions are dismissed.\u201d<\/em><\/p>\n<p data-start=\"955\" data-end=\"1075\">\ud83d\udccc With this decision, telecom firms now have no further legal recourse, except for filing curative petitions.<\/p>\n<h2 data-start=\"1082\" data-end=\"1133\">Market Reaction: Vodafone Idea Shares Fall<\/h2>\n<p data-start=\"1135\" data-end=\"1330\">\ud83d\udd3b Vodafone Idea shares dropped 2.43% to \u20b98.44 apiece at 10:45 AM on BSE Sensex, which itself was down 307 points (0.4%).<br data-start=\"1268\" data-end=\"1271\" \/>\ud83d\udd3b Bharti Airtel slipped 0.2% to \u20b91,710.10 per share.<\/p>\n<h2 data-start=\"1337\" data-end=\"1380\">AGR Dues Dispute: What\u2019s at Stake?<\/h2>\n<p data-start=\"1382\" data-end=\"1606\">\ud83d\udccc Vodafone Idea claims the rejection will cost them \u20b925,000 crore<br data-start=\"1452\" data-end=\"1455\" \/>\ud83d\udccc AGR dues exceed \u20b91 lakh crore for telecom companies<br data-start=\"1513\" data-end=\"1516\" \/>\ud83d\udccc Companies argue the government miscalculated dues, omitting payments already made<\/p>\n<p data-start=\"1608\" data-end=\"1818\">In its plea, Vodafone Idea stated:<br data-start=\"1646\" data-end=\"1649\" \/><em data-start=\"1649\" data-end=\"1816\">&#8220;It is inconceivable that even errors or inadvertent additions by the DoT have not been corrected. This is a travesty of justice, costing the company \u20b925,000 crore.&#8221;<\/em><\/p>\n<p data-start=\"1820\" data-end=\"1992\">The Department of Telecommunications (DoT) had calculated AGR dues, including penalties and interest, which telecom companies argued were riddled with errors.<\/p>\n<h2 data-start=\"1999\" data-end=\"2026\">What Happens Next?<\/h2>\n<h3 data-start=\"2028\" data-end=\"2063\">Curative Petitions Likely<\/h3>\n<p data-start=\"2064\" data-end=\"2189\">\ud83d\udccc Legal sources indicate that Vodafone Idea &amp; Airtel will file curative petitions\u2014the last available legal remedy.<\/p>\n<h3 data-start=\"2191\" data-end=\"2234\">Financial Strain on Vodafone Idea<\/h3>\n<p data-start=\"2235\" data-end=\"2381\">\ud83d\udccc Vodafone Idea already struggles with high debt &amp; pending dues.<br data-start=\"2304\" data-end=\"2307\" \/>\ud83d\udccc AGR dues add more pressure on its survival &amp; fundraising efforts.<\/p>\n<h3 data-start=\"2383\" data-end=\"2412\">Government\u2019s Stance<\/h3>\n<p data-start=\"2413\" data-end=\"2520\">\ud83d\udccc The Indian government has so far upheld AGR calculations and refused to allow any corrections.<\/p>\n<h2 data-start=\"2527\" data-end=\"2568\">Background: AGR Dispute Timeline<\/h2>\n<ul data-start=\"2570\" data-end=\"2966\">\n<li data-start=\"2570\" data-end=\"2648\">2021: SC rejected telecom companies\u2019 plea for corrections in AGR dues.<\/li>\n<li data-start=\"2649\" data-end=\"2764\">2022: Vodafone Idea &amp; Airtel filed curative petitions for an open court hearing, but no relief was granted.<\/li>\n<li data-start=\"2765\" data-end=\"2843\">2023: SC dismissed further petitions seeking a re-computation of dues.<\/li>\n<li data-start=\"2844\" data-end=\"2966\">2024: SC again rejects review petitions, leaving no room for legal corrections except a curative petition.<\/li>\n<\/ul>\n<h2 data-start=\"2973\" data-end=\"3033\">Conclusion: What\u2019s Next for Vodafone Idea &amp; Airtel?<\/h2>\n<p data-start=\"3035\" data-end=\"3171\">\ud83d\udccc With no immediate legal relief, Vodafone Idea and Airtel must now either pay up or await the outcome of curative petitions.<\/p>\n<p data-start=\"3173\" data-end=\"3317\">\ud83d\udccc For Vodafone Idea, the \u20b925,000 crore liability worsens its financial troubles, impacting fundraising efforts and future operations.<\/p>\n<p data-start=\"3319\" data-end=\"3451\">\ud83d\udccc Investors are closely watching the telecom sector, especially Vodafone Idea\u2019s survival strategy amid massive dues and debt.<\/p>\n<p data-start=\"3453\" data-end=\"3554\">\ud83d\udccc Airtel, though affected, remains in a stronger financial position compared to Vodafone Idea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights: Supreme Court dismisses AGR review petitions by Vodafone Idea &amp; Bharti Airtel Telecom firms claim errors in government\u2019s AGR dues calculations Vodafone Idea faces a \u20b925,000 crore hit; Airtel also impacted Shares of Vodafone Idea fall 2.43% post-verdict Curative petitions likely to be filed as the last legal option Supreme Court Ruling: No Relief [&hellip;]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[41],"class_list":{"0":"post-4101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":41,"user_id":1,"is_guest":0,"slug":"niftynews","display_name":"NiftyTrader","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=4101"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4101\/revisions"}],"predecessor-version":[{"id":8640,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4101\/revisions\/8640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/4102"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=4101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=4101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=4101"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=4101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}