Vodafone Idea Exposes Errors in AGR Demand Calculation, Seeks Supreme Court Intervention

Monday, 15 July 2024, 11:28

In the latest development, Vodafone Idea seeks a swift hearing for its curative plea, highlighting alleged errors in the calculation of its AGR demand. The company faces a daunting total demand of ₹58,000 crore, consisting of principal, interest, and penalty components, with the principal amounting to ₹14,000 crore. The plea aims to address inaccuracies that have significantly impacted Vodafone Idea's financial obligations.

Cnbctv18 — Vodafone Idea Exposes Errors in AGR Demand Calculation, Seeks Supreme Court Intervention

Vodafone Idea's Curative Plea for AGR Demand

Vodafone Idea is pushing for a timely hearing of its curative plea to rectify errors in the calculation of its AGR demand.

The Complex AGR Demand Breakdown

Principal Component: The principal amount comprises ₹14,000 crore of the total ₹58,000 crore demanded from Vodafone Idea.
Interest and Penalty Components: The remaining amount includes interest and penalty charges, contributing to the substantial financial burden on the company.

The plea emphasizes the need for a fair assessment of the demand to ensure transparency and accuracy in financial liabilities.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.