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Airtel files review petition in Supreme Court over penalty, interest

Airtel files review petition in Supreme Court over penalty, interest

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  23 Nov 2019 1:40 PM GMT

New Delhi: Airtel on Friday filed a review petition in the Supreme Court for the waiver of interest and penalty in the AGR amount.

Sources said, they have filed for the interest and penalty waiver and not on seeking extension.

Review petitions are to be filed within a month of original decision which came on October 24. As per original order, they are to pay the dues by January 24. Both have made Rs 74,000 crore losses on account of Rs 53,000 crore provisioning for these dues payments.

Bharti Airtel, Vodafone Idea and other telecom companies owe the government as much as Rs 1.47 lakh crore in past statutory dues, Telecom Minister Ravi Shankar Prasad had said in Parliament on Wednesday adding that there is no proposal at present to waive interest and penalties on such dues.

In replies to questions in the Lok Sabha, Prasad had said telecom companies owe the government Rs 92,642 crore in unpaid licence fee, and another Rs 55,054 crore in outstanding spectrum usage charge. In the case of Bharti Airtel, the liabilities added up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904 crore is the SUC dues (not including the dues of Telenor and Tata Teleservices). (IANS)

Also Read: Airtel, Vodafone Idea need no relief: Jio to telecom Minister RS Prasad

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