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ETMarkets.com The Supreme Court on Monday modified its earlier order in the adjusted gross revenue (AGR) case, allowing the government to “comprehensively reassess and reconcile all AGR dues up to FY 2016–17.”This comes as a major relief for Vodafone Idea, which has been battling heavy debt and had sought clarity on whether its plea covered only the additional AGR demand of ₹9,450 crore or the entire dues.The top court noted that the prayer in Vodafone Idea’s petition specifically sought relief on both the additional AGR demand and the reassessment of all dues up to FY17. It clarified that the government is free to consider both aspects while reviewing the company’s case.Earlier, on October 27, there had been uncertainty over the scope of the court’s direction, whether it applied only to the additional AGR dues or to the overall liability, estimated at nearly ₹80,000 crore.At that hearing, the bench had observed that given the government’s equity stake in Vodafone Idea and the potential impact on over 20 crore subscribers, there was “no impediment” in allowing the Centre to reconsider the matter and take an appropriate call.Live EventsFollowing Monday’s clarification, Vodafone Idea’s stock surged 9.6% to ₹9.53 on the BSE.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onvodafone ideaSupreme CourtVodafone IdeaAGR duestelecom sectorreassess Vodafone's AGRvodafone idea agr (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onvodafone ideaSupreme CourtVodafone IdeaAGR duestelecom sectorreassess Vodafone's AGRvodafone idea agr(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
