Live Updates: COVID-19 Cases
  • World 30,987,466
    World
    Confirmed: 30,987,466
    Active: 7,439,017
    Recovered: 22,587,048
    Death: 961,401
  • USA 6,967,403
    USA
    Confirmed: 6,967,403
    Active: 2,539,886
    Recovered: 4,223,693
    Death: 203,824
  • India 5,400,619
    India
    Confirmed: 5,400,619
    Active: 1,010,802
    Recovered: 4,303,043
    Death: 86,774
  • Brazil 4,528,347
    Brazil
    Confirmed: 4,528,347
    Active: 571,687
    Recovered: 3,820,095
    Death: 136,565
  • Russia 1,097,251
    Russia
    Confirmed: 1,097,251
    Active: 171,450
    Recovered: 906,462
    Death: 19,339
  • Peru 762,865
    Peru
    Confirmed: 762,865
    Active: 123,659
    Recovered: 607,837
    Death: 31,369
  • Mexico 694,121
    Mexico
    Confirmed: 694,121
    Active: 124,639
    Recovered: 496,224
    Death: 73,258
  • South Africa 659,656
    South Africa
    Confirmed: 659,656
    Active: 54,282
    Recovered: 589,434
    Death: 15,940
  • Spain 659,334
    Spain
    Confirmed: 659,334
    Active: 628,839
    Recovered: ?
    Death: 30,495
  • Chile 444,674
    Chile
    Confirmed: 444,674
    Active: 14,319
    Recovered: 418,101
    Death: 12,254
  • France 442,194
    France
    Confirmed: 442,194
    Active: 319,346
    Recovered: 91,574
    Death: 31,274
  • Iran 419,043
    Iran
    Confirmed: 419,043
    Active: 37,293
    Recovered: 357,632
    Death: 24,118
  • UK 390,358
    UK
    Confirmed: 390,358
    Active: 348,599
    Recovered: ?
    Death: 41,759
  • Bangladesh 347,372
    Bangladesh
    Confirmed: 347,372
    Active: 88,073
    Recovered: 254,386
    Death: 4,913
  • Saudi Arabia 329,271
    Saudi Arabia
    Confirmed: 329,271
    Active: 15,383
    Recovered: 309,430
    Death: 4,458
  • Pakistan 305,671
    Pakistan
    Confirmed: 305,671
    Active: 6,952
    Recovered: 292,303
    Death: 6,416
  • Turkey 301,348
    Turkey
    Confirmed: 301,348
    Active: 27,786
    Recovered: 266,117
    Death: 7,445
  • Italy 296,569
    Italy
    Confirmed: 296,569
    Active: 43,161
    Recovered: 217,716
    Death: 35,692
  • Germany 272,308
    Germany
    Confirmed: 272,308
    Active: 19,342
    Recovered: 243,500
    Death: 9,466
  • Canada 142,774
    Canada
    Confirmed: 142,774
    Active: 9,376
    Recovered: 124,187
    Death: 9,211
  • Netherlands 91,934
    Netherlands
    Confirmed: 91,934
    Active: 85,659
    Recovered: ?
    Death: 6,275
  • China 85,279
    China
    Confirmed: 85,279
    Active: 168
    Recovered: 80,477
    Death: 4,634
  • Australia 26,897
    Australia
    Confirmed: 26,897
    Active: 2,081
    Recovered: 23,967
    Death: 849
  • S. Korea 22,975
    S. Korea
    Confirmed: 22,975
    Active: 2,434
    Recovered: 20,158
    Death: 383
  • New Zealand 1,815
    New Zealand
    Confirmed: 1,815
    Active: 71
    Recovered: 1,719
    Death: 25

SC seeks road map from telcos on AGR dues, Vodafone says no money to even pay salaries

Author at TechGenyz India
Telecommunication
A Photograph Of The Telecommunication Tower. Credit: Pexels

The Supreme Court Thursday asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the Adjusted Gross Revenue (AGR) related dues as Vodafone Idea said that it does not have enough money to even pay salaries to its employees.

Bharti Airtel on other hand told the top court that it has paid 70 per cent dues as per its own calculations and the rest would be cleared after consulting the government.

A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah, which adjourned the hearing for next week, asked the firms as to what was the guarantee that they would clear the dues in the 20-year time-frame being sought by the government.

It questioned the telecom companies whether they were ready to give bank guarantee or directors are prepared to issue personal guarantee or any other security can be furnished because the court cannot allow such staggered payments of dues.

Senior advocate Mukul Rohatgi, appearing for Vodafone Idea, said that as per the government’s calculations it owes over Rs 53,000 crore, which includes interest and penalty for non-payment of dues.

He said license and spectrum are separately auctioned and they have purchased it for thousands of crores of rupees.

The value of spectrum can be best security for payment of dues and licence and spectrum can be cancelled, if the dues are not paid , he said, adding that they do not have enough money to give any bank guarantees.

Rohatgi said, We are not in a position to give bank guarantees. We don’t have money to pay salaries to our employees and meet our expenses. Spectrum is very valuable and can be the best guarantee for payment of our dues .

Senior advocate Abhishek Manu Singhvi, appearing for Bharti Airtel, said that as per their calculation they have paid 70 per cent of the dues and only minimal amounts remains, which would be cleared after consulting the government.

He said the company would file a detailed affidavit. The bench said that the government has suggested 20 years for payment of dues by the telecom companies but no one has seen the future and what would happen, if any one of the company goes into liquidation.

It said that litigation started in 1999 and 20 years have already gone and now another 20 years is being sought, can it be termed reasonable. Senior advocate Shyam Divan, appearing for interim resolution professional said that three telecom companies are facing insolvency proceedings and are in the process of resolution.

Justice Shah told the counsels for the telecom firms that despite earning so much not a single company deposited anything towards Covid-19 relief funds.

While Airtel said that it has paid Rs 100 crore in Covid fund, Tata Group said has paid Rs 1,500 crore.

Bharti Airtel, Vodafone Idea and Tata Group’s self-assessed dues to the government are a whopping Rs 82,300 crore, which is short of what DoT calculated after the apex court’s October 24 ruling on the AGR.

In its submission before the apex court seeking relief in payment tenure, DoT had pegged Bharti Airtel’s dues at Rs 43,980 crore, Vodafone Idea at Rs 58,254 crore and Tata Group at Rs 16,798 crore.

Career

Subscribe