New Delhi: In a major development, the Supreme Court of India on Monday allowed the Central government to reconsider the reassessment of Adjusted Gross Revenue (AGR) dues for Vodafone Idea. Following the ruling, the telecom company’s stock soared over 9 percent , hitting an intraday high of Rs 10.53 per share on the BSE.

The apex court observed that the matter lies within the Union government’s policy domain, and said there was no reason to prevent the Centre from reviewing or taking an appropriate call on the issue. This marks a significant relief for the debt-ridden operator, which has been battling massive financial liabilities for years.

AGR Case Background

The AGR dues issue dates back to a long-standing dispute between telecom operators and the Department of Telecommunications (D

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