Supreme Court rejects pleas by Vodafone Idea, Airtel, Tata Teleservices for AGR dues waiver, calls appeals ‘misconceived’ | India Business News

Vodafone had requested aid of roughly Rs 30,000 crore. (AI picture)

The Supreme Court on Monday rejected appeals from main telecommunications firms Vodafone Idea, Airtel andTata Teleservices concerning their request for adjusted gross income (AGR) dues waiver. The bench, consisting of Justices J B Pardiwala and R Mahadevan, deemed these appeals “misconceived”.“We are really shocked by these petitions which have come before us. It is not expected of a multinational company. We will dismiss it,” the bench said to senior advocate Mukul Rohatgi, who represented Vodafone.The Supreme Court declined to intervene with the federal government’s place concerning help to the telecommunications firms, based on a PTI report.Vodafone had requested aid of roughly Rs 30,000 crore, protecting curiosity, penalty and curiosity on penalty parts of their AGR dues.Rohatgi earlier emphasised that the petitioner organisation’s continued existence was important for sustaining competitors inside the telecommunications trade.Following a current conversion of curiosity obligations into fairness, the federal government now maintains a 49 per cent possession within the organisation.“The present writ petition does not seek review of the judgment but only seeks waiver of rigors of payment of interest, penalty and interest of penalty under the Judgment,” said the corporate’s petition.The petitioner requested particular directions for the federal government to “act fairly and in public interest” and chorus from demanding “payment of interest, penalty and interest on penalty on AGR dues”.