Curative petition is the last resort for grievance redressal, where the petitioner can highlight what he believes is patent injustice.While the government has the powers to decide how to run the sector and help telcos generate fair returns on investment, it would definitely help if the apex court allowed DoT to fix the “errors” in its calculations of AGR, Takkar said.Vi and rival Bharti Airtel have been trying to get their AGR dues reduced through legal means. Of the Rs 58,254 crore sought from Vi, the telco has paid Rs 7,854 crore. Its AGR liabilities, including interest, are now at around Rs 62,180 crore based on the department’s calculations, the company has said. As a result, Goldman Sachs said Vi lost another 1.3 percentage point of revenue market share in the June quarter, with a 4.5-percentage-point decline in revenue share over the last 12 months. The brokerage pegs Vi’s June quarter revenue market share at 20.5%.

Source: Economic Times August 17, 2021 00:45 UTC