#AGR case: #SC to resume hearing in a few minutes

@reliancejio @RCommCare @Aircel @Airtel_Presence @VodafoneIN @VideoconTelecom

SC resumes hearing in AGR case

NK Kaul appearing for @VideoconTelecom's resolution professional: #AGR dues stand crystallized at 1376 cr

SC: Once there is transfer of #spectrum, if it's @VideoconTelecom or @Airtel_Presence's liability, that is to be decided by us

@VideoconTelecom resolution professional: Nothing due from us, outside the corporate insolvency resolution process

@VideoconTelecom resolution professional to SC: Waterfall mechanism, @IBC apply to all govt debts as per past SC verdict (Chitra Sharma case)

SC: As per trading guidelines, past dues need to be paid before #spectrum transfer

SC: If @VideoconTelecom doesn't pay, @Airtel_Presence will have to

Senior lawyer Ritin Rai appearing for Official Liquidator for @Etisalat DB: Estimated #AGR dues mentioned in documents, don't know govt's figure

#SC: Total #AGR dues of #Etisalat are 82.46 cr

Harish Salve to SC:

2 aspects to be considered for #reliancejio

Clarification was interpreted, govt has discretion to recover #AGR amount from co they want

Govt hasn't yet claimed @RCommCare dues from @reliancejio

@RCommCare CoC has already made its submissions

Harish Salve to SC:

@DoT_India has raised demand on @RCommCare, contested its resolution plan in #NCLT, said #spectrum can't be traded

If #spectrum not traded, it goes back to govt, it doesn't get any dues

#SC: Already short of time, will hear all counsels

Kapil Sibal for @Airtel_Presence:

SC rightly said spectrum is a natural resource like air, water; no one can take its possession

Spectrum is right to use #airwaves

#Spectrum is most valuable asset with #telcos, if banks aren't allowed to deal with it, they won't lend to telcos

#HarishSalve: Right to use spectrum a valuable right, written in balance sheets

#SC: Are your account books as good to be treated as property ?

Senior lawyer Shyam Divan wraps up arguments for @RCommCare's resolution professional

Kapil Sibal for @Airtel_Presence:

Won't take much time on Monday for argument, I and Mr. Salve will take a maximum of an hour more

SC defers hearing for 4PM, Aug 24 (Monday) in #AGR case

#SC asks #DoT Secy to reply on dues to be paid by users of shared #spectrum

@DoT_India Secy to file reply on past dues, dates of grant and transfer of licenses

#SC: Suppose 23% of @RCommCare #spectrum was being used by @reliancejio, what's the amount paid by #reliancejio ?

SC: Has #AGR been paid by spectrum user as per our order ?