Supreme Court dismisses telecom providers' petition against ₹92,000 crore AGR dues, upholding government's calculation method.

The Supreme Court on Wednesday rejected telecom companies' plea to re-compute adjusted gross revenues, or AGRs, amid a long-standing dispute over payment of dues to the government.

Vodafone India, Bharti Airtel, and other telecom firms have filed a curative petition challenging the court's October 2019 verdict, which mandated that they pay the government Rs 92,000 crore within three months.

Telcos moved Supreme Court claiming that there were multiple errors in the computation amounting to over Rs 92000 crores.

In a big setback for telecom companies, the Supreme Court has dismissed their curative pleas seeking correction of alleged errors in Adjusted Gross Revenue (AGR) calculation.

Vodafone Idea stocks plummet 21% as Supreme Court rejects curative petition on AGR dues, closing at ₹10.43.