The SC asked Bharti Airtel
to not try and reopen the case as all the dues were included in the AGR judgement. There is no room available for adjustment of dues payable by Bharti Airtel, it said.
Solicitor General Tushar Mehta, on behalf of the government, said the DoT had not submitted anything to suggest re-calculation of the AGR dues.
According to the DoT calculations, Bharti Airtel
owes Rs 43,780 crore of AGR dues, of which the company has paid Rs 18,004 crore, leaving a balance of Rs 25,976 crore. Vodafone Idea
has so far paid Rs 7,854 crore of its Rs 50,399-crore dues. Tata Teleservices has paid about Rs 4,197 crore and the balance is about Rs 12,601 crore.
counsel Abhishek Manu Singhvi told the SC that the government had erroneously sought over Rs 43,000 crore of AGR dues and that the demand includes spectrum usage charges (SUC) dues as well. The SUC charges are not part of AGR dues.
counsel Mukul Rohatgi said the company was not seeking re-calculation of the demand and would rely on the demands made by the DoT.
Rohatgi, however, told the court that the Rs 1-trillion worth of equity brought in by the promoters — Vodafone Plc — had been eroded.
The company’s total revenue of over 10 years stood at Rs 6.27 trillion, of which Rs 4.95 trillion was expenditure.
At the previous SC hearing, the Vodafone Idea
counsel had said the company would be forced to shut operations if the dues had to be paid upfront and that would have a bearing on its 11,000 employees.
On June 18, SC was informed by the Centre that DoT had decided to withdraw 96 per cent of the Rs 4-trillion demand for AGR-related dues raised against non-telecom PSUs after being admonished by the court.
The apex court had asked the private telecom companies
including Bharti Airtel, Vodafone Idea to come out with a “reasonable payment plan”, make some payment to “show their bona fide” and file their books of accounts for the last 10 years.
The next hearing has been posted for August 10 on the issue of companies
that have gone into liquidation and the court will examine the veracity of the actions of Reliance Communications, Aircel, Sistema Shyam and Videocon.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.