Tata Tele files curative plea in SC in AGR case
Supreme Court in the adjusted gross revenue (AGR) matter, requesting that the levy of interest, penalty and interest on penalty on the statutory dues are reconsidered.
The company has also drawn the court’s attention to the fact that mathematical/calculational errors exist in the dues amounts claimed by the Department of Telecommunications (DoT). The petition is filed against the court’s earlier order in January 2020, when the court had rejected the firm’s limited review petition seeking waiver of interest, penalty and interest on penalty on their AGR dues.
Bharti Airtel and Vodafone Idea too have filed curative petitions on October 9 regarding similar matters.
“On October 17, 2023, company has filed curative petition in Supreme Court against the review order dated January16, 2020 passed…and also against the judgment and order dated October 24, 2019 passed by this court and the connected appeals,” Tata Teleservices (Maharashtra) said in a regulatory filing Friday.
“Through this Curative Petition, company has requested the Hon’ble Supreme Court to reconsider levy of interest, penalty and interest on penalty on AGR dues and has also drawn its attention to the fact that mathematical/calculational errors exist in the dues / amounts claimed by DoT,” the company added.
It said it doesn’t expect any negative financial implication.
The petitions filed by the companies seek to set aside the October 2019 judgement to the limited extent of imposition penalty and interest on penalty and allow correction of arithmetical errors in the provisional demands raised by DoT.
Of the total Rs 1.47 lakh crore of AGR dues, nearly 75% comprised interest, penalty and interest on penalty, the companies said.
