Vodafone Idea has filed a revised petition in the Supreme Court. In this, the company has requested to waive interest and penalty on adjustable gross revenue (AGR). It has also requested the re -calculation of AGR Liabilities. He has cited earlier cases in which such demand was accepted.
A big difference in new petition from earlier petition
Vodafone idea ,Vil) This new petition makes a difference from his earlier petition, in which he only emphasized on the re -calculation of AGR Liabilities. The Supreme Court on Friday postponed the company’s petitioned hearing till 6 October. The email sent to the company did not get a response to this.
The Center said that she does not oppose Vodone’s request
During the hearing on the petition of Vodafone Idea last week, the central government said that it does not oppose the company’s petition on adjustable ADR arrears. However, this problem should be resolved, because the government is also a shareholder of the company. Hearing the petition of Vodafone Idea, a bench of Chief Justice BR Gawai, Vinod Chandran of Justice and NV Anjariya. This petition has been filed against the demand of Rs 5,606 crore in FY17 of the Department of Telecommunications (DOT).
The outstanding amount cannot be changed
VIL argues that the arrears are already clear after the decision on AGR in 2019. No change can be made again. Solicitor General Tushar Mehta, who was in favor of the central government, requested to postpone the matter by 6 October. In its revised petition, Vodafone Idea also cited earlier decisions, which have been forgiven. The company has also sought an additional relief. He has said that the court should direct that on the principal of AGR Dues
He should be relieved from penalty and interest.
Vodafone cited an earlier case
Vodafone Idea has cited Para 25 (C) of the case of Authority vs. Steel Authority of India for this additional relief. The court ruled on March 18, 2020 in this case of AGR dues associated with Vodafone Idea. In this, the court accepted the dues up to FY17, which was calculated by DOT. He stopped the operators from its reaction. Despite this, Dot claimed a new claim for FY18 and FY19.
Government’s stake in Vodafone Idea reached 49%
Vodafone Idea argues that most of the new demand of DOT is associated with the period which the court has already settled. The government has reached 48.99 percent stake in Vodafone Idea. The government has converted the arrears of Rs 53,083 crore to equity twice. For the first time, he converted the arrears into equity in February 2023 and the second time in 2025. Dot has sent a new demand of Rs 9,450 crore, out of which Rs 2,774 crore is associated with Idea Group and Vodafone Idea (after merger), while Rs 6,675 crore is related to Vodafone Group in the pre -merger period.
AGR owes Rs 83,400 crore on VIL
The AGR owes about Rs 83,400 crore on VIL. The payment of an annual installment of Rs 18000 crore of payment is to start in March. The company owes about Rs 2 lakh crore to the company, including penalty and interest. Vodafone Idea has requested the court to cancel the new claim for the FY17 and before it in the revised petition. Also, the AGR has demanded full reconslation of the arrears, as the case of these periods has already been settled in the 2020 order. Earlier, the Supreme Court had postponed the petition for hearing, emphasizing the settlement of the case till 26 September.