Justice Mishra: Jio is using since 2016. Why should we not ask Jio if they are using the spectrum. Who are the beneficiaries? It is shocking state of affairs if revenue is not shared and spectrum is used by somebody else.

Divan: A party has come forward with Resolution Plan.
Senior Advocate Harish Salve: I am for the Committee of Creditors. Let me please say.

Justice Mishra: We are not on that. We are examining a different issue.

Divan: There is an asset reconstruction company which has come forward with a resolution plan.

#AGR #agrdues
Justice Mishra: That is alright. We are not on that.

Divan: UVARCL is the name of the asset reconstruction company. (UV Asset Reconstruction Company Limited)

#agrdues #AGR
Justice Mishra: We want to know who is behind that.

Divan: The resolution plan put forward by UVARCL has been approved by the COC and that has been presented before NCLT. They will have to now take a decision.

Justice Mishra: We are not being told everything on black & white.
Divan: Please take up the affidavit.

Salve: As COC, I have all the details.

Justice Mishra: We want to know who is using the spectrum. Jio is using the spectrum since 2016. We have to compute the AGR dues.

@reliancejio #AGR #agrdues
Justice Mishra: The person is using is liable to make the payment. Admittedly Jio is using the spectrum.

Senior Advocate KV Vishwanathan: Viswanathan- I am appearing for Jio. You have been at receiving end from yesterday, Mr. Vishwanathan. Let us hear Mr. Vishwanathan.
Justice Mishra: Have you been avoiding liability since 2016?

Vishwanathan for Jio : I want to explain. There is no liability.

Justice Mishra: Spectrum is nobody's property. It is Government's. It is public money. It is a revenue sharing regime.

#AGR #agrdues @reliancejio
Viswanathan: I will explain in 5 minutes. There is something called "Spectrum Sharing Guidelines and Spectrum Trading Guidelines". I am sharing a part of it. AGR is paid by my side.
Justice Mishra: All the details of purchase must be before us in black and white.
#AGR #agrdues
Viswanathan : There is no purchase.

Justice Mishra: Everything should be in white before us and we should not be put to dark about anything. AGR is independent, not like this.

About revenue-sharing regime, we will lay down the law.

#AGR #agrdues
Justice Mishra: Salve Saab, we have a question, when sovereign rights are transferred to somebody, can secured creditor take precedence? Public has a right over it. You can earn anything after making such payments to the Government.
Save: What my lords are saying is this - that payment for natural resources should be on a different footing.

Justice Mishra: Yes.

#AGR #agrdues
SC Adjourns hearing to Monday.

Directions to the Government, Jio and RCOM Resolution Professional to produce necessary documents to bring to light who would be liable for AGR dues of RCOM.

@Rcommcare

#AGR #agrdues
Lawyers now saying that documents cannot be filed soon as there are two holidays in before Monday.

Justice Mishra: All the companies who are in liquidation will have to address us.

#AGR
Matter now listed on Monday at 3 PM.
Documents between RCOM and JIO to be placed on record.

Similar directions for similar companies which are in liquidation like Aircel and Videocon.

@rcommcare @reliancejio @Aircel @VMobi
#AGR
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