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Supreme Court Limits Vodafone Idea AGR Review to Rs 9,449 Crore, DoT Weighs Next Steps

The narrow clarification leaves the carrier’s broader liabilities untouched.

Overview

  • The written order permits the Centre to reconsider only the additional demand for dues up to FY2016–17, and it applies solely to Vodafone Idea.
  • The decision does not change Vodafone Idea’s existing AGR dues or the repayment schedule set following the 2020 judgment.
  • The Department of Telecommunications will seek legal advice before deciding whether and how to review the Rs 9,449 crore demand.
  • Vodafone Idea shares fell roughly 10–12% after the order’s publication, while Bharti Airtel also declined modestly.
  • Analysts say relief limited to Rs 9,449 crore—about 12% of AGR dues—would not materially ease strain, with AGR liabilities near Rs 83,400 crore.