Canindia News

AGR: SC refuses to entertain Voda plea seeking ‘no coercive action’

New Delhi, Feb 17 (IANS) After being rapped by the Supreme Court for failing to deposit AGR dues, Vodafone Idea on Monday moved the apex court stating it can as of now pay only Rs 2,500 crore of the arears to the government and will follow it up with another Rs 1,000 crore by February 21.

The telecom firm also appealed to the top court that the Department of Telecom should not take any coercive action and invoke bank guarantees, as an action of this nature would have consequences and it would eventually hamper their operations.

The Supreme Court declined to entertain the telco’s plea seeking “no coercive action”. According to counsels, Vodafone contended before the court that Rs 3,500 crore is 50 per cent of its estimated principle AGR dues of Rs 7,000 crore.

Vodafone is estimated to pay Rs 53,000 crore to the government as part of its AGR dues. According to reports, it has informed the government that it is examining all avenues as to how much of AGR dues it could pay off.

–IANS

ss/in

YOU MAY ALSO BE INTERESTED IN

Kapil Dev: India cricket legend stable after heart surgery

CIEDITOR

Indian composer Atif Afzal set to make music for BBC project

CIEDITOR-TWINKLE

Eros Now issues apology for Navratri posters as #BoycottErosNow trends on Twitter

CIEDITOR-TWINKLE

Punjab to resume normal OPD services from Oct 19

Crops on 67,864 hectares of land damaged due to rains in Andhra

India’s merchandise exports rise by 6% in September

Aamir Khan on Akshay Kumar’s Laxmmi Bomb: Wish it was releasing in theatres

JLR India hopeful of festive cheer, goes for product offensive (IANS Special)

Punjab CM asks village heads to counter Covid propaganda

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

SUBSCRIBE TO OUR WEEKLY NEWSLETTER

Stay up to date with the latest news and exclusive offers directly in your inbox