Centre moves SC for approval of formula to provide breather to telcos in payment of AGR dues

The Centre, represented by Solicitor General Tushar Mehta, moved the Supreme Court on Monday seeking approval of its formula to allow telecom companies to pay their Adjusted Gross Revenue (AGR) dues in annual instalments for over 20 years, adding that if a telecom company goes bankrupt due to the dues, it would have a major impact on the sector.

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