Telecom firms have suffered a serious setback from the Supreme Court docket. The Supreme Court docket has dismissed the petition within the AGR arrears. This has shocked telecom firms. The Supreme Court docket has refused to listen to the petition of telecom firms. Please inform that this petition was filed by VI, Bharti Airtel, Bharti Hexacom and Tata Tele. VI had earlier sought aid from the Division of Telecommunications. DOT refused to offer aid as a result of Supreme Court docket order. Thus far, the corporate owes an AGR of about 83000 crores. The corporate must give its first installment on 31 March 2026. Protean Egov suffered an enormous blow from the Revenue Tax Division, know what’s on the inventory, Brokerase’s Raivodafone Thought claimed that if it didn’t get aid, it will be unable to proceed work in entrance of March 2026. A division bench of Justices JB Pardiwala and Justice R Mahadevan on Monday heard the case and refused to offer aid to telecom firms. The choice won’t have an effect on Airtel and Tata Teleservices a lot, however it could lock the Vodafone thought. The involved information was additionally filed by the involved information to forgive the AGR arrears. It cited Voda Thought to file a petition. The corporate claimed that this aid ought to be given to all license holders with out discrimination. The corporate claims that not getting aid will have an effect on Airtel and all the telecom sector. The Supreme Court docket determined to dismiss this petition after listening to the petition of Voda Thought’s AGR arrears on Monday. If we have a look at the transfer of telecom shares, Vodafone Thought is seen by Rs 0.68, or Rs 9.23 per cent, at Rs 6.67. At present’s low day is Rs 6.48 and the excessive of the day is Rs 7.21. Speaking about Bharti Airtel, this inventory is seen on the degree of Rs 1818.20 with a weak spot of Rs 3.90, or 0.21 %. The inventory of the inventory is Rs 1,809 and the excessive of the day is Rs 1,828.70.
