SC dismisses Vi, Airtel pleas seeking correction of AGR due calculation

The Supreme Court observed that it has said not just once, but twice and thrice that AGR demand can't be recomputed

In a blow to the telecom sector, the Supreme Court on Friday dismissed the petitions of Vodafone Idea and Bharti Airtel seeking correction of alleged errors in calculating the dues linked to adjusted gross revenue (AGR).  With an accumulated debt of Rs 1.8 trillion, Vodafone Idea is likely to be the most adversely hit by the court verdict.

Vodafone Idea, which has been struggling to remain a going concern, calculated its remaining AGR dues at around Rs 21,500 crore after making a payment of Rs 7,800 crore. However, the Department of Telecommunications (DoT) had arrived at around Rs 58,000 crore as