New Delhi: Hourly Vodafone Idea Ltd.
(VIL) has submitted a review petition at the Supreme Court after the APEX court recently canceled his request for improvement of alleged errors in the calculation of adjustable fees related to gross income.
In the petition, it was submitted earlier this week, Vil had said it was “a parody of justice” that the company was detained from questioning arithmetic / negligence errors to be charged around Rs 25,000 Crore (RS 5.932 Crore Principal Plus Interest, Penalty and Interest in Penalty) .
Vil said his heroism had been rejected by the order being reviewed and added that this rejection could result in the company to run below and around 27.3 crore customers left “high and dry”.
Other Fallouts include loss of investment in the business and the impact of employee livelihoods, as well as distributors, retailers, and shop staff.
A letter sent to a company that is looking for comments on the review petition does not cause a response.
Furthermore, Vil said it did not question the principles set by the court to determine the AGR (adjusted gross income), and emphasized that committed to making full payments in installments as directed by the court.
Vil also said the impression that the company tried to get out of the order because of the fully “misplaced” recalculation.
“It is inconceivable that even accidental errors / additions by respondents to the AGR contributions have not been allowed to be corrected,” said the petition.
The limited purpose of this application is to ensure that the correct and accurate amount of maturity and debt, paid to respondents (dot), the vil has been prepared.
“It’s not the purpose of the respondent there is also no direction …
the court intended to be unfairly profitable respondents by receiving excess payments in connection with payments that have been made because of a double counting of income, and not a reduction allowance that has taken place is permitted by …
Court judgment, “he said.
When demand covers a period of more than a decade, with respect to the license given by DOT and involves several thousand transactions and payments “that must be done are reconciliation, to ensure that no duplicate payments, no double counting about income and / or maturity of cutting allowed permitted “.
Vil said it was just trying to show a clerical or arithmetic error for dot, and tried to clarify that it did not start every round of litigation to refute contributions.
“The next installment is due on March 31, 2022.
There is sufficient time where sports can be done without causing prejudice to any party,” said the petition.
This is also a marked case where the payment is made with the draft request / challan that has not been taken into account by the dot.
“Justice requires that directing the applicant to make a doubling payment will generate retribution without legal authority,” Vil said.
Furthermore, the company said that “has struggled to survive and remain a third private wireless telecommunications operator in this country.” The petition has mentioned the facilities produced from Rs 47,000 Crore from Banks, NBFC and mutual funds (including around RS 25,000 Crore from public sector banks) above and above the amount due to the dot to the number of spectrum auctions and spectrum use costs.
“It is close for applicants to survive to secure the interests of all these stakeholders,” said the petition.
Last month, the APEX court rejected the application submitted by the telecommunications department, including Vil and Bharti Airtel, looking for improvement in alleged errors in calculating contributions related to them.
Recently, Billionaire Kumar Mangalam Birla resigned as chairman of the Vil, within two months offering to submit shares of Aditya Birla Group in a telecommunications company that was full of debt to the government.
Vil has AGR obligations of Rs 58,254 Crore, which has paid Rs 7,854.3 Crore and Rs 50.399.6 Crore extraordinary.
The company’s gross debt, excluding lending obligations, reached Rs 1,80,310 Crore on March 31, 2021.
The number includes the spectrum payment obligations suspended Rs 96,270 Crore and RS 23,080 crore debt from banks and financial institutions.
AGR Woes: Vil files review the petition in SC; the word struggles to survive
