Govt may have a few options to support VIL: IIFL Capital on SC’s dismissal of AGR dues waiver plea

The Supreme Court dismissing telcos’ petitions on AGR dues waiver notwithstanding, the government may still have a few options to support Vodafone Idea by waiving interest, penalty and interest on penalty or extending the timeline for payment, IIFL Capital said on Tuesday. The Supreme Court on Monday dismissed pleas of telecom majors Vodafone, Airtel and Tata Teleservices seeking waiver of adjusted gross revenue (AGR) dues, a move that marks a major setback in particular for crisis-ridden VIL.