There's no felony foundation for moving AGR dues of RCom: Jio tells SC
2 min study . Updated: 17 Aug 2020, 03:07 PM IST
Ishita Guha, Japnam Bindra
The Mukesh Ambani-led employer additionally submitted to the courtroom that it isn't always interested in obtaining the spectrum or any asset of RCom, owned by using Ambani’s more youthful brother Anil Ambani
Topics
spectrum
NEW DELHI: Reliance Jio Infcomm Ltd on Monday informed the Supreme Court that there's no legal basis for shifting bankrupt Reliance Communications’ dues, adjusted gross revenue (AGR) or in any other case, to Jio as the 2 telecom operators in a spectrum-sharing agreement do now not share liabilities.
The Supreme Court on 14 August had requested Reliance Jio why it have to not be held at risk of pay the dues of RCom as it has been the usage of the latter’s spectrum on the grounds that 2016, directing the two telcos and branch of telecommunications (DoT) to publish info of the spectrum-sharing agreement.
In a written submission to the Supreme Court on Monday, Reliance Jio, which has been the usage of RCom’s spectrum within the 800 megahertz band below an asset-sharing agreement, stated it'd have now not entered right into a spectrum-sharing settlement with RCom, had the suggestions stated liability for the telco the usage of the airwaves of the one retaining it.
“The spectrum-sharing hints do now not make any provision for sharing of liabilities or for his or her being joint and numerous legal responsibility of the dues (past or gift AGR, spectrum usage fee (SUC), and many others) of the sharing operators wherever such ‘spectrum sharing’ was resorted. Had this been so, RJIL (Jio) could at no factor have entered into this spectrum sharing association," Jio advised the apex court.
Reliance Jio knowledgeable the courtroom that the spectrum sharing commenced on 5 September, 2016, the day it commenced operations in all areas. “Also, this association related simplest to the 4G services and none of the 2G or 3G services will be provided the usage of this arrangement," Jio said.
According to the Reliance Jio’s submission, RCom paid ₹6,627 crores to liberalise the administrative spectrum. "Thus, the authorities received a sales of ₹6,627 crores when Jio and RCom entered into the sharing arrangement."
Mint had in advance reporter that Reliance Jio is probably to inform the Supreme Court that it isn't prone to pay the AGR-associated dues of RCom in view that most of these dues predate Jio’s use of RCom’s spectrum. The AGR dues in query relate to 2G and 3G enterprise of RCom and Reliance Telecom Ltd (RTL) achieved before 2016.
On Monday, the Mukesh Ambani-led business enterprise also submitted to the courtroom that it isn't inquisitive about acquiring the spectrum or any asset of RCom, owned via Ambani’s younger brother Anil Ambani. Jio also said it has now not submitted any decision plan to collect RCom below the Insolvency and Bankruptcy Code (IBC).
“RJIL reiterates its in advance submissions and categorically states that it isn't proceeding to acquire any spectrum which currently is held by RCOM, even supposing the sale of such spectrum is authorized by means of the top courtroom…The influence created that the asset reconstruction business enterprise could be fronting for someone is faulty," Jio stated.
Ishita Guha, Japnam Bindra
The Mukesh Ambani-led employer additionally submitted to the courtroom that it isn't always interested in obtaining the spectrum or any asset of RCom, owned by using Ambani’s more youthful brother Anil Ambani
Topics
spectrum
NEW DELHI: Reliance Jio Infcomm Ltd on Monday informed the Supreme Court that there's no legal basis for shifting bankrupt Reliance Communications’ dues, adjusted gross revenue (AGR) or in any other case, to Jio as the 2 telecom operators in a spectrum-sharing agreement do now not share liabilities.
The Supreme Court on 14 August had requested Reliance Jio why it have to not be held at risk of pay the dues of RCom as it has been the usage of the latter’s spectrum on the grounds that 2016, directing the two telcos and branch of telecommunications (DoT) to publish info of the spectrum-sharing agreement.
In a written submission to the Supreme Court on Monday, Reliance Jio, which has been the usage of RCom’s spectrum within the 800 megahertz band below an asset-sharing agreement, stated it'd have now not entered right into a spectrum-sharing settlement with RCom, had the suggestions stated liability for the telco the usage of the airwaves of the one retaining it.
“The spectrum-sharing hints do now not make any provision for sharing of liabilities or for his or her being joint and numerous legal responsibility of the dues (past or gift AGR, spectrum usage fee (SUC), and many others) of the sharing operators wherever such ‘spectrum sharing’ was resorted. Had this been so, RJIL (Jio) could at no factor have entered into this spectrum sharing association," Jio advised the apex court.
Reliance Jio knowledgeable the courtroom that the spectrum sharing commenced on 5 September, 2016, the day it commenced operations in all areas. “Also, this association related simplest to the 4G services and none of the 2G or 3G services will be provided the usage of this arrangement," Jio said.
According to the Reliance Jio’s submission, RCom paid ₹6,627 crores to liberalise the administrative spectrum. "Thus, the authorities received a sales of ₹6,627 crores when Jio and RCom entered into the sharing arrangement."
Mint had in advance reporter that Reliance Jio is probably to inform the Supreme Court that it isn't prone to pay the AGR-associated dues of RCom in view that most of these dues predate Jio’s use of RCom’s spectrum. The AGR dues in query relate to 2G and 3G enterprise of RCom and Reliance Telecom Ltd (RTL) achieved before 2016.
On Monday, the Mukesh Ambani-led business enterprise also submitted to the courtroom that it isn't inquisitive about acquiring the spectrum or any asset of RCom, owned via Ambani’s younger brother Anil Ambani. Jio also said it has now not submitted any decision plan to collect RCom below the Insolvency and Bankruptcy Code (IBC).
“RJIL reiterates its in advance submissions and categorically states that it isn't proceeding to acquire any spectrum which currently is held by RCOM, even supposing the sale of such spectrum is authorized by means of the top courtroom…The influence created that the asset reconstruction business enterprise could be fronting for someone is faulty," Jio stated.
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