SC dismisses Vodafone Idea, Bharti Airtel petition on AGR relief; calls it ‘shocking’, deems it ‘ misconceived ’

The Supreme Court of India on Monday dismissed the writ petition by telecom major Vodafone Idea and Bharti Airtel seeking exemption of interest on Adjusted Gross Revenue (AGR) dues, a report by CNBC TV18 confirmed. A bench led by Justice JB Pardiwala called the petition ‘shocking’ and deemed it ‘misconceived’.

The telecom giants had filed petitions seeking a waiver of interest, penalty, and interest on penalty related to their AGR dues. The ruling came just a day after Vodafone Idea sought a waiver of Rs 45,457 crore in AGR-related dues to ensure its survival.