The Supreme Court of India today (September 19) dismissed the pleas seeking recalculation of adjusted gross revenue (AGR) in a big jolt to the telecom companies.
The curative petitions by Indian telecom companies, which are usually decided by judges in the chamber and mostly rejected, were listed before a bench comprising Chief Justice of India (CJI) DY Chandrachud and Justices Sanjiv Khanna and BR Gavai.
Telecom companies get a big blow from Apex Court
- Curative petition regarding AGR dues were rejected.
- Supreme Court rejected the petition.
- An application seeking recalculation of adjusted gross revenue was rejected.
- Vodafone India, Bharti Airtel and several other telecom companies had filed curative against the 2019 apex court decision in the case.
- Along with this, the apex court has also imposed arbitrary fines on them.
- Telecom companies’ demand for a hearing in open court was also rejected.
More details are awaited in this regard.
