AGR case: Airtel repays Rs 10,000 cr, Vodafone's offer turned down by SC

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AGR case: Airtel repays Rs 10,000 cr, Vodafone's offer turned down by SC

Last Updated : 17 Feb 2020 03:53:10 PM IST

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The first AGR payment came to government as Airtel on Monday paid Rs 10,000 crore dues to the Department of Telecom (DoT). In contrast, the Supreme Court turned down Vodafone's proposal to repay statutory arrears of Rs 2,500 crore on Monday and the rest Rs 1,000 crore by Friday.

Airtel said it is paying Rs 10,000 crore in compliance with the Supreme Court order.

It paid Rs 9500 crore on behalf of Bharti Airtel and Telenor which has merged with the parent company and Rs 500 crore for Bharti Hexacom, its subsidiary.

Further, it said it is in the process of self assessment of accounts and and will duly make the balance payments before the next date of hearing (March 17).

According to DoT, Bharti Airtel owes Rs 35,500 crore to DoT.

On the other hand, Supreme Court declined to entertain the telco's plea seeking "no coercive action". According to counsels, Vodafone contended before the court that Rs 3,500 crore is 50 per cent of its estimated principle AGR dues of Rs 7,000 crores.

Vodafone is estimated to pay Rs 53,000 crore to the government as part of its AGR dues. According to reports, it has informed the government that it is examining all avenues as to how much of AGR dues it could pay off.