Bankers do a rethink on loans to Vi after SC rejection of AGR dues plea, ET LegalWorld
The apex court rejection of Vodafone-Idea (Vi)’s curative petition seeking a review of its 2019 judgment on re-computation of adjusted gross revenues (AGR) payable by telecom firms has made banks wary of lending to the company. Bankers said the court’s order significantly dented Vi’s financials because both lenders and the company had assumed a favourable […]
Bankers do a rethink on loans to Vi after SC rejection of AGR dues plea, ET LegalWorld
The apex court’s rejection of Vodafone-Idea (Vi)’s curative petition seeking a review of its 2019 judgment on the re-computation of adjusted gross revenues (AGR) payable by telecom firms has made banks wary of lending to the company. Bankers said the court’s order significantly dented Vi’s financials because both lenders and the company had assumed a […]
SC dismisses curative pleas by telecom firms on AGR computation, ET LegalWorld
In a jolt to telecom firms, the Supreme Court has dismissed a batch of pleas filed by companies, including Vodafone Idea and Bharti Airtel, seeking correction of alleged errors in the Adjusted Gross Revenue. A bench comprising Chief Justice D Y Chandrachud and Justices Sanjiv Khanna and B R Gavai also rejected the plea of […]
Big blow for telcos as SC rejects AGR re-computation plea; Vi shares crash, ET LegalWorld
The Supreme Court on Thursday rejected a batch of pleas by various telecom companies including Vodafone Idea and Bharti Airtel, in the re-computation of Adjusted Gross Revenue (AGR) case. The curative petitions by Indian telcos, which are usually decided by judges in the chamber and mostly rejected, were listed before a bench comprising chief justice […]