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On Thursday, the apex court dismissed a review petition filed by telecom majors, including Bharti Airtel and Vodafone Idea, seeking a review of certain directions of the court on the recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers. The statutory dues are to be paid by 23 January.
Vodafone Idea recovered to Rs 4.69 per share in the late morning trade from the early loss.
Though BhartiInfratelplunged 13 percent on the BSE in the early trade, it managed to recover the early losses to some extent and was trading at Rs 225.55 a share, coque iphone 5c alpine down 17.50 or 7.21 percent in the late morning trade.
Similarly, the company scrip was trading at Rs226.10 per share, down16.95 or 6.97 percent in the late morning trade on the NSE.
SC rejects AGR review petition
In a big blow to the telecom coque iphone 5s cdiscount nike sector, the apex court dismissed the review petition filed by telecom companies to grant a relief on AGR liabilities, said a report by Motilal Oswal Institutional Equities.
“The verdict may put a severe burden on telcos and have unconceivable repercussions, particularly against the backdrop of VIL facing a risk of shutdown (it may result in INR1.2t debt default, large scale job losses and subscriber churn),” the report said.
On 24 October, the Supreme Court had ruled that the statutory dues coque iphone 7 silicone souple need to be calculated by including non telecom revenues in what is known as AGR of telcos.
Bharti Airtel, in its plea, had sought review of the directions on aspects of levy of interest, penalty and interest on penalty relating to AGR.
With the Supreme Court dismissing its review petition on AGR dues, Bharti Airtel on Thursday said it is disappointed, and evaluating options to file a curative petition in the matter.
“While respecting the Supreme Court’s decision, we would like to express our disappointment as we believe the long standing disputes raised regarding the AGR definition were bonafide and genuine,” Airtel said in a coque iphone resistant a l’eau statement…