Supreme Court Reschedules Vodafone AGR Plea Hearing Amid New Demands

The Supreme Court has deferred the hearing on Vodafone Idea Ltd's plea concerning additional adjusted gross revenue (AGR) demands to October 13. This decision follows a request by Solicitor General Tushar Mehta, backed by Vodafone's counsel Mukul Rohatgi, due to unresolved discussions with the government.

Vodafone is challenging the Department of Telecommunication's recent Rs 5,606 crore demand linked to the 2016-17 financial year. The government, holding a significant stake in Vodafone, is examining potential solutions to ensure the company's stability and navigate financial liabilities.

The ongoing legal saga stems from a 2019 Supreme Court verdict affirming the government's AGR calculations, imposing significant dues on telecom companies. Vodafone seeks a reassessment of all AGR dues up to 2016-17 to rectify alleged calculation errors, amid ongoing talks of staggered payment options.

(With inputs from agencies.)