Tata Sons dials banks to pay Rs 1,250 cr Tata Tele AGR dues and loans

March 31 is last date for paying 10% AGR dues as per Supreme Court order on telecom firms

Tata Sons, the parent company of Tata Teleservices, is in talks with banks to raise funds to pay latter’s dues to the banks and to the Indian government. The loss-making telecom company has to pay Rs 1,250 crore of dues to banks and another 10 per cent of outstandings to the government as AGR (adjusted gross revenue) as per the Supreme Court judgement before March end, said a banking source.

The DoT on March 16 last year had moved the Supreme Court seeking recovery of Rs 16,798 crore as the demand towards LF, Spectrum Usage Charges (“SUC”), interest, penalty and