After Vodafone Idea, Airtel files plea in Supreme Court over AGR dues

Bharti Airtel and its subsidiary, Bharti Hexacom, have approached the Supreme Court seeking relief from adjusted gross revenue (AGR) dues. This move comes on the heels of a similar plea by Vodafone Idea, highlighting the ongoing financial challenges faced by telecom companies in India due to hefty AGR demands. Both companies are grappling with substantial payments that have strained their financial resources. The AGR dispute has been a longstanding issue, with the Supreme Court previously ruling in favor of the government, mandating telecom operators to pay billions in dues. Airtel's latest plea underscores the industry's call for reconsideration, as these payments have significant implications for their operational sustainability and future investments. The company is seeking a recalibration of its dues, arguing that the current demands are unsustainable. Industry analysts suggest that this legal maneuver by Airtel could influence the broader telecom sector's financial landscape. If the Supreme Court offers any relief, it may set a precedent for other operators facing similar predicaments. As the situation unfolds, stakeholders are closely monitoring the court's response, which could redefine the regulatory framework and financial health of India's telecom industry.

— Authored by Next24 Live