Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default

The top court said the 10-year timeline for payment of AGR dues will begin from April 1, 2021, and the payments will have to be made in instalments till March 31, 2031.  The telecom companies will have to clear their dues by February 7 each year and non-payment of dues will incur penalty, interest and contempt of court, the bench added. The dispute centres around the definition of adjusted gross revenue (AGR). Telecoms pay a perc...