The defaulting Licensees/ TelCos cannot be permitted to wriggle out of their liabilities by resorting to triggering of CIRP by seeking initiation of CIRP under Section 10 of I&B Code
The Supreme Court today has given 10 years time for staggered payment of adjusted gross revenue (AGR) related dues by telecom giants including Vodafone Idea, Bharti Airtel and Tata Teleservices.
Senior Advocate Harish Salve today submitted before the Supreme Court that it would be premature to decide if spectrum can or cannot be sold under IBC.
The Supreme Court today directed the Telecom Companies to furnish details on how much revenue is being earned by them till now and has also sought suggestion on how the Telcos were intending to clear their dues for AGR charges.