Relief for Vodafone Idea as Supreme Court allows Centre to reconsider AGR dues

The Supreme Court has allowed the central government to reconsider the issue of reassessment of AGR dues that Vodafone Idea Ltd. has to pay. Shares surged.

The government has a 49% stake in Vodafone Idea in lieu of some of the pending dues. (Reuters)

The matter of Vodafone Idea's AGR dues falls within the purview of the Union of India's policy domain, a Supreme Court bench headed by Chief Justice of India B.R. Gavai said on Monday.

“We clarify that this is in the policy domain of the Union… There is no reason as to why the Union should be prevented from doing…,” Gavai said. "With that view of the matter, we dispose of the writ petition.