Supreme Court reprimand had instant impact on Airtel, instantly deposited Rs 10,000 crore

by Jeremy Spirogis
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new Delhi: The scandal of the Supreme Court has been profitable in placing stress on Airtel. After the strict method of the Supreme Court on Friday, Airtel has paid 10,000 crore of adjusted gross income (AGR) statutory dues on Monday. The firm stated in an announcement that it’ll additionally pay the remaining quantity after self-evaluation. According to the assertion issued by Airtel, a complete of Rs 10,000 crore has been paid by Bharti Airtel, Bharti Hexacom and Telenor.

Supreme Court reprimanded
Experts say that the federal government had lately submitted an affidavit within the Supreme Court, saying that the telecom division, Telecom Service Providers (TSP), may redeem their financial institution assure in the event that they didn’t pay the 'prompt' spectrum utilization price and license price. Can take motion. <! –

                 The authorities had stated that this step might be taken in view of compliance of the order given by the Supreme Court on October 24 final 12 months on spectrum utilization fees and license charges.

Earlier final Friday, the Supreme Court strongly reprimanded the DoT. The Supreme Court did so regardless of an order given on October 24 for failing to get well the DOT's common gross income (AGR) dues from the telecom service supplier. After this, the DoT took motion to get well the arrears. Airtel has a mortgage of Rs 35,500 crore. Airtel stated final week itself that it could pay Rs 10,000 crore by February 20 and would pay the remaining earlier than the following listening to on March 17.

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