2Photo© business-standard.comSC asks Centre to prepare plan for recovering AGR dues from bankrupt telcos
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The Supreme Court on Monday adjourned its hearing in the adjusted gross revenue (AGR) matter, which involves telecom operators under insolvency such as Reliance Communications, Aircel, and Videocon Telecommunications.
The apex court asked the Centre to prepare a plan for recovering AGR dues from the bankrupt telcos.
Justice Arun Mishra said: “We want to go into the cause for initiation of insolvency against telcos under the IBC.”
The amount recoverable from RCom is Rs 31,000 crore, while that from Aircel is Rs 12,389 crore. Insolvency proceedings had begun following claims made by operational creditors Ericsson and China Development Bank.