Dynamite News SC dismisses plea by Bharti Airtel, Vodafone Idea seeking correction of errors in AGR calculation
In a major setback for big telecom companies, the Supreme Court of India on Friday dismissed all the applications filed by Bharti Airtel and Vodafone Idea seeking a direction for correction of errors in Adjusted Gross Revenue calculation.
New Delhi: In a major setback for big telecom companies, the Supreme Court of India on Friday dismissed all the applications filed by Bharti Airtel and Vodafone Idea seeking a direction for correction of errors in Adjusted Gross Revenue calculation.
A bench of the Supreme Court, headed by Justice L Nageswara Rao pronounced the judgment dismissing the plea of Bharti Airtel, Vodafone Idea, for seeking direction for correction of errors in Adjusted Gross Revenue (AGR) calculation.
"We dismiss all the applications," Justice Rao said, in his verdict.
After due consideration and keeping in view the facts and figures of the cases the Supreme Court did not find any merit in the prayers of the telecom companies -- Airtel and Vodafone Idea and dismissed their applications.
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Supreme Court had earlier on July 19, reserved its order after Bharti Airtel, Vodafone Idea had submitted to the Apex Court and complained that there were errors in the AGR calculation.
Senior lawyer and former Attorney General (AG) Mukul Rohatgi, appearing for Vodafone Idea, had submitted to the Apex Court, in the last hearing, "the issue was going up and down as AGR definition was not clear. We had succeeded in Telecom Disputes Settlement and Appellate Tribunal, but the judgment was set aside. Then we were imposed entire liability along with interest and penalty. Dues around Rs 58,000 crores".
While explaining to the court regarding the wrong entry, Rohatgi had cited an example stating that in one of the entries, the actual payment made was Rs 155 crores, but the Department of Telecommunications (DoT) considered it as the final and the total is around Rs 153.2 crores.
"I have paid Rs 7,854 crore. I have complied with the undertaking to pay, which I have done," Rohatgi for Vodafone Idea had said.
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"I am not blaming DoT, not asking for a review," Rohtagi had told the Supreme Court.
The Supreme Court, while citing its earlier order, asked Rohatgi and said that the reassessment and reevaluation can't be done, in this case, the earlier judgment said so.(ANI)