Airtel, VIL plan curative plea after AGR suit dismissal
By migrator | Fri, 17 Jan 2020
TECHNOLOGY | Jan 17, 2020:
After the Supreme Court on Thursday rejected the telcos' plea to review its 24 October adjusted gross revenue (AGR) ruling, under which they have to pay nearly Rs 1.02 lakh crore as statutory payment to the government by January 23, Airtel and Vodafone Idea (VIL) said they could file curative petitions.
In a late night statement VIL said, "the company is exploring further options, including filing of a curative petition". Airtel said it was mulling a curative petition over the AGR order.
Tata Teleservices, which had also filed the review petition didn't comment on its future course of action.
The Cellular Operators Association of India (COAI), the industry association, termed the dismissal of petitions as the last straw on the sector's back reeling under the financial stress.