Big shock for telecom firms, must deposit 1.47 lakh crore by 11.59 pm tonight

by Jeremy Spirogis
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New Delhi: Following the Supreme Court's rebuke, the Department of Telecommunications has issued orders to telecom firms like Bharti Airtel and Vodafone Idea to pay the statutory dues earlier than midnight on Friday. The Supreme Court pulled up the division for prohibiting assortment of dues from telecom firms. After that, the Department of Telecommunications has began sending notices to firms relating to dues on a circle foundation.

Uttar Pradesh (West) Telecom Circle issued discover to all telecom service suppliers on Friday and requested them to pay the dues by 11.59 on Friday. It states that you’re instructed to pay the excellent quantity in lieu of license payment and spectrum utilization payment earlier than 14.5.2020 at 11.59 pm. A telecom operator has admitted to receiving discover on situation of anonymity. <! –

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                 However, it’s not clear but how a lot of the excellent quantity has been requested to be paid until midnight. 92,642 crore as license payment on all 15 models and Rs 55,054 crore as spectrum utilization payment. That is, the federal government has owed Rs 1.47 lakh crore on these firms.

These orders have been issued by the Controller of Communication Accounts of the Circle. Earlier, the Department of Telecommunications withdrew the order which forbade any punitive motion in opposition to defaulting telecom firms. The Supreme Court took a robust stand on Friday for not complying with its order, quickly after which the division took this step. Regional officers of the Department of Telecommunications have been requested to take essential steps to implement the October order of the apex courtroom.

Earlier within the day, the Supreme Court requested the managing administrators and administrators of telecom service suppliers and different firms to elucidate why they weren’t in opposition to them for not complying with its order of giving adjusted gross income (AGR) of Rs 1.47 lakh crore. Contempt of motion must be taken? A bench of Judge Arun Mishra, Judge S Abdul Nazir and Judge MR Shah took a troublesome stand for not complying with the order and expressed displeasure over the order issued by a desk officer of the Department of Telecommunications.

Due to this, Vodafone Idea is anticipated to be probably the most affected among the many three non-public firms working within the telecom market of the nation. Vodafone Idea owes Rs 53,000 crore. Of this, Rs 24,729 crore is owed as spectrum and Rs 28,309 crore as license payment. Earlier, the corporate had mentioned that if it didn’t get aid, it might cease its operations. At the identical time, the legal responsibility on Bharti Airtel is about 35,586 crores. This contains license payment and spectrum utilization payment. The relaxation is on BSNL / MTNL and a few closed / bankrupt telecom firms.

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