TIL Desk/Business/New Delhi/ In a setback to telecom service providers, the Supreme Court on Thursday allowed the Centre’s plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from them. A three-judge bench, headed by Justice Arun Mishra, upheld the definition of adjusted gross revenue formulated by the department of telecom (DoT).
“We have held that the definition of AGR will prevail,” the bench, also comprising Justices S A Nazeer and M R Shah, said. “We have allowed the appeal of the department of telecom and dismissed that of licensees (telcos),” the top court said while reading the operative portion of the judgment.
The apex court said it had rejected all other submissions of the telecom companies. It added that the service providers would have to pay penalties and interests to DoT. The bench made it clear that there would no further litigation on the issue and it would fix a time frame for calculation and payment of dues by the telecom companies.
