India News | Supreme Court to Hear AGR Case Tomorrow
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New Delhi [India], June 10 (ANI): The matter of adjusted gross revenue (AGR) will be heard by the Supreme Court on June 11 (Thursday).
The hearing may include the government's application that telecom companies be allowed to spread the payment of their dues over 20 years or less.
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A bench headed by Justice Arun Mishra will hear the matter tomorrow.
Earlier in March, the Department of Telecommunication (DoT) had approached the top court, seeking approval for a formula allowing telecom service providers to make annual installments of unpaid or remaining AGR dues in the next 20 years or more.
The plea said if the telecom companies face proceedings under the Insolvency and Bankruptcy Code, it will have adverse impacts on competition and service in the telecom sector. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)