Supreme Court Directs Govt to Resolve Vodafone Idea AGR Dues

The Supreme Court has asked the government to bring "finality" to ongoing issue of Vodafone Idea's (Vi) adjusted gross revenue (AGR) dues.

The court was hearing a fresh petition from the company challenging an additional demand of ₹9,450 crore from the Department of Telecommunications.

A bench led by Chief Justice B.R. Gavai was told by the Solicitor General that the government is now a significant stakeholder in the company, holding a 49% equity. 

Vodafone Idea argues that new demand goes beyond the scope of an earlier ruling and contains computational errors. The court has deferred the hearing to September 26 to allow a resolution to be found.