HomeBusinessSC threatens to jail MDs of telcos over AGR fiasco

SC threatens to jail MDs of telcos over AGR fiasco

The Supreme Court on Wednesday came down heavily on Telcos, the government and even the media as it said no further objection to its adjusted gross revenue (AGR) order will be allowed against the payable dues.

“All the newspapers are trying to influence courts. All the companies are trying to influence us through the media,” said Justice Arun Mishra. The top court said: “We will call all MDs of the telecom companies and send them to jail from here.”

The apex court noted that the same government that had fought tooth and nail, and suggested penalty during arguments earlier was now wishing to do away with the interest. “If reassessment is permitted – it is fraud on this court,” Justice Arun Mishra said and added he cannot begin a thrid round of litigation and asked the Centre who has permitted “self assessment of dues”.

This was after the Department of Telecommunications (DoT) on Monday moved the Supreme Court seeking its approval for a 20-year window for payment of around Rs 1.47 lakh crore AGR dues, as adverse functioning of the telecom firms could put a negative impact on the economy and consumers across the country.

The DOT demand has been confirmed by this court, Justice Mishra said on Wednesday and asked “how can there be self assessment. This cannot be allowed when the Supreme Court clearly spells out the dues.”

Justice Mishra also said: “This is a question of apex court prestige ‘Do companies feel they are more powerful on earth?” in one of the strong observation made by the court on the AGR issue.

The court said it will consider a government rescue plan for telecom companies in AGR case on next hearing which will be after two weeks.-IANS News

Subscribe to TheNews21

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

37 COMMENTS

  1. Join the millions winning big on fanduel casino Texas – the #1 real in dough casino app in America.
    Pick up your $1000 TEASE IT AGAIN honorarium and turn every relate, hand and roll into legitimate coin of the realm rewards.
    Fast payouts, whopping jackpots, and continuous fight – download FanDuel Casino now and start playing like a pro today!

  2. Passez au niveau supГ©rieur avec Betano Casino https://betanogame.org/fr/. Attrapez un fantastique bonus de bienvenue de 500 € et plongez dans des centaines de jeux premium. Que vous aimiez les machines Г  sous, le poker ou les paris sportifs, nous avons tout ce qu’il vous faut. Rejoignez le cercle des gagnants dГЁs aujourd’hui.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img

The Supreme Court on Wednesday came down heavily on Telcos, the government and even the media as it said no further objection to its adjusted gross revenue (AGR) order will be allowed against the payable dues.

“All the newspapers are trying to influence courts. All the companies are trying to influence us through the media,” said Justice Arun Mishra. The top court said: “We will call all MDs of the telecom companies and send them to jail from here.”

The apex court noted that the same government that had fought tooth and nail, and suggested penalty during arguments earlier was now wishing to do away with the interest. “If reassessment is permitted – it is fraud on this court,” Justice Arun Mishra said and added he cannot begin a thrid round of litigation and asked the Centre who has permitted “self assessment of dues”.

This was after the Department of Telecommunications (DoT) on Monday moved the Supreme Court seeking its approval for a 20-year window for payment of around Rs 1.47 lakh crore AGR dues, as adverse functioning of the telecom firms could put a negative impact on the economy and consumers across the country.

The DOT demand has been confirmed by this court, Justice Mishra said on Wednesday and asked “how can there be self assessment. This cannot be allowed when the Supreme Court clearly spells out the dues.”

Justice Mishra also said: “This is a question of apex court prestige ‘Do companies feel they are more powerful on earth?” in one of the strong observation made by the court on the AGR issue.

The court said it will consider a government rescue plan for telecom companies in AGR case on next hearing which will be after two weeks.-IANS News

Html code here! Replace this with any non empty text and that's it.

37 COMMENTS

  1. Join the millions winning big on fanduel casino Texas – the #1 real in dough casino app in America.
    Pick up your $1000 TEASE IT AGAIN honorarium and turn every relate, hand and roll into legitimate coin of the realm rewards.
    Fast payouts, whopping jackpots, and continuous fight – download FanDuel Casino now and start playing like a pro today!

  2. Passez au niveau supГ©rieur avec Betano Casino https://betanogame.org/fr/. Attrapez un fantastique bonus de bienvenue de 500 € et plongez dans des centaines de jeux premium. Que vous aimiez les machines Г  sous, le poker ou les paris sportifs, nous avons tout ce qu’il vous faut. Rejoignez le cercle des gagnants dГЁs aujourd’hui.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img