Motilal Oswal: AGR Case - Supreme Court Talks Tough To Telcos; Reserves Order On Time Window

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.After a marathon three hour hearing on July 20, 2020, the Honorable Supreme Court (SC) disallowed any more affidavits, spoke tough and ensured the Adjusted Gross Revenue (AGR) case concluded with all stake holders giving their views. The SC reserved its order on the time window to be provided to telcos and has directed companies under liquidation (Reliance Communications, Videocon and Aircel) to submit their documents within seven days. The SC will consider this in its next hearing on August 10, 2020.After asking telcos to make reasonable upfront payment and come up with a roadmap for AGR repayments in its last hearing, the SC has noted that a repayment timeline of 20 years is a very long period. It has asked telcos to come up with a reasonable time period. For the timelines, Tata Teleservices Ltd (TTSL) has sought seven to 10 years years repayment while Bharti Airtel /Vodafone Idea Ltd have sought 15 years (VIL initially requested for 20 years and later reduced the timeframe). However, the government has maintained its stance for a 20 year repayment period as telcos could go bankrupt in case of an extension failure..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: AGR Case - Supreme Court Talks Tough To Telcos; Reserves Order On Time Window

Motilal Oswal: AGR Case -Supreme Court Talks Tough To Telcos; Reserves Order On Time Window

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