Ashmit Kumar
@AshmitTejKumar
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Anchor and Editor with @CNBCTV18News for tracking the biggest legal + tech issues affecting you, politics, policy, economy and balance sheets.
New Delhi, India
Joined June 2015
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During HC Hearing of
@iam_juhi
plea citing radiation risks posed by 5G telecom -
Someone joins virtual hearings and starts to sing - Ghoonghat Ki Aad Mein Dilbar Ka!!! He is then removed.
He joins again. Now sings - Lal Lal Hoton Pe Gori Tera Naam Hai!!
@CNBCTV18Live
239
777
3K
He joins again. This time sings - Meri Banno Ki Aayegi Baraat!!
Lawyer for Juhi Chawla Says - Maybe the person is already affected by 4G radiation!!
82
328
2K
@Swamy39
tells SC that plea seeking CSK ouster was filed with "unclean hands", financed my
@LalitKModi
#BCCI
@ChennaiIPL
@CNBCTV18Live
0
61
133
@dcpouter
@akshitnanda5
@CPDelhi
@DelhiPolice
Under which sections of IPC have they been charged?
Beyond drinking and driving, this also a clear case of criminal intimidation.
Section 503, read with section 506 of IPC, provides for imprisonment of upto 7 year.
Have these sections been invoked to ensure max punishment?
2
16
122
((Live thread))
AGR hearing in Supreme Court -
Hearing likely to get delayed. Was initially scheduled for 12.30pm.
Tech issues being ironed out.
17
36
119
Who knew the Chief Justice of India, Justice SA Bobde is also a Biking Buff?!
CJI is seen straddling a Rs. 50 lakh, 2000cc
@harleydavidson
in Nagpur, over the weekend.
9
21
102
AGR HEARING IN SUPREME COURT AT 2 PM!!
SC to decide if 20 year payout can be allowed to telcos.
Bharti has paid 18004cr vs demand of 43,980cr.
Voda has paid 7854cr va demand of 58,254cr.
Watch this space for live updates from the top court.
@CNBCTV18Live
5
15
106
A friend is on board this very train. As of 9.36am her
#train
is yet to reach Pathankot.
#Railways
however claims the train arrived at 8.25am with 'no delay'!!
Logic being - If
@indianrailway__
@RailMinIndia
can't perform - they'll simply lie about it and hope you buy it!!
22
110
91
AGR Judgment -
Supreme Court bench headed by Justice LN Rao likely to pronounce judgment tmrw on Airtel, Voda-Idea plea seeking adjustment of AGR demand after accounting for "arithmetic errors".
Time - 10.30am
@CNBCTV18Live
4
16
91
Farmers attending the meeting with the Government, also served food and water to media and security contigent deployed outside Vigyan Bhawan.
Farmers winning hearts and minds.
@CNBCTV18Live
2
10
80
Stand By -
AGR hearing in SC to begin shortly.
SC to decide on allowing telcos staggered payment over 20 years.
Watch this space for live updates.
@CNBCTV18Live
10
12
75
AGR Case Judgment by SC -
Justice Arun Mishra's last working day is Sep 2 (Wed). He is yet to pronoucne the verdict. This leaves him 2 days - Sep 1 and Sep 2 - for giving judgement.
Confirmation to come today evening. Will update here on when to expect AGR.
@CNBCTV18Live
6
11
71
EXCLUSIVE -
Future Group Sources Say -
Worst case scenario is "damages" claim by Amazon in arbitration.
Have provided for 1000-1500cr of contigent liability.
With the buffer of provisions, will push forward with the 24,700cr deal.
@CNBCTV18Live
1
18
74
Will SC make Jio pay R.Comm's 25,000cr AGR Dues? Will Govt's AGR Demand be placed above Bank's dues under IBC?
Justice Arun Mishra led bench of SC to decide on how to recover 40,000cr of AGR dues from insolvent telcos.
Time - 03.00pm.
Watch this space for live updates.
9
7
66
((Live Thread))
AGR Hearing in Supreme Court to begin shortly.
As per the SC website, the hearing is scheduled to begin at 11.30am.
@CNBCTV18Live
@ShereenBhan
6
13
61
1/n
AGR hearing to begin shortly in Supreme Court.
Stand By.
Justice Arun Mishra led bench of SC to consider issue of AGR dues recovery from insolvent telcos.
MAY give clarity on staggered oaymwnt schedule.
Live Updates will follow here. Keep watching.
@CNBCTV18Live
20
21
65
LIVE THREAD - AGR
(1/N)
Supreme Court to hear
@airtelindia
@VodaIdea_NEWS
plea seeking relief from over 1 lakh cr of AGR dues.
Follow this space for live updates from SC proceedings.
@CNBCTV18Live
@CNBCTV18News
7
13
64
Delhi rejects
@iam_juhi
plea claiming radiation risks posed by 5G rollout.
Del HC holds that suit is filed for publicity, as is evident from Juhi Chawala sharing VC link of hearing on social media.
HC calls it publicity stunt, slaps cost of Rs. 20 lakh.
@CNBCTV18Live
6
17
59
(1/n)
STAND BY!!
AGR JUDGEMENT only minutes away!!
Justice Arun Mishra led bench of SC to pronounce AGR verdict - 11.30am
Watch this space for LIVE UPDATES
#AGRVerdict
@CNBCTV18Live
7
9
61
(1/n)
AGR Case -
SC likely to decide on what is a "reasonable" period for staggered payment of AGR Dues.
Govt Proposed 20 years for payment. Airtel, Voda have sought "at least" 15 years.
Hearing begins at 02.00pm
Watch this space for live updates from SC.
@CNBCTV18Live
9
8
56
((Live Thread))
Hearing in Supreme Court on plea seeking interest waiver for the 6 month moratorium period announce by
@RBI
Hearing to begin shortly. Stand By.
@CNBCTV18Live
9
6
57
1/n
(Live Thread)
Stand By for AGR Hearing. Due to begin shortly.
Scheduled Time - 03.00pm.
Lawyers have logged in. Justice Arun Mishra led bench of SC yet to assemble.
Watch this space for live updates from the Supreme Court.
@CNBCTV18Live
7
6
59
Over the moon for winning a seat at prestigious 40Under40 table of Journalists!!
Working with the stellar
@ShereenBhan
has taught lessons of grit, commitment and initiative.
#Mentor
Blessed to be among the galaxy of stars at
@CNBCTV18Live
@CNBCTV18News
Onwards and upwards!!
14
4
57
1/n
(Live Thread)
Interest Waiver Case -
Justice Bhushan led bench of Supreme Court to hear the interest waiver case.
Govt has argued that there's no scope for further relief, is batting for courts to be wary of intervening in fiscal matters.
@CNBCTV18Live
12
11
56
V. Interesting -
CJI Bobde slams the
#RTI
regime as a tool of extortion, says there is policy paralysis because of RTI, pushes for curbs on RTI.
@CNBCTV18Live
@pbhushan1
@CNBCTV18News
16
52
52
Big Verdict Today!!
Justice Arun Mishra led bench of Supreme Court to pronounce the verdict in the AGR case.
Time - 11.30am
Watch this space for LIVE UPDATES!!
@CNBCTV18Live
4
10
52
AGR hearing to begin shortly in Supreme Court.
Justice Arun Mishra led bench likely to focus on recovery of AGR dues from insolvent telcos.
No clarity yet on staggered payment.
Hearing was scheduled at 02.00pm. Delayed by a few minutes.
@CNBCTV18Live
4
9
51
15/n
SC to Jio -
Jio needs to explain why we should not catch hold of you to pay AGR dues.
By sharing R.Comm revenue you have gained revenue, this is revenue sharing.
If Jio is using public assets like spectrum why shoult Jio not be liable to pay AGR dues.
7
11
49
@WhatsApp
to introduce "Community" feature, will link common interest groups.
To increase file sharing limit from 100MB to 2GB.
To increase capacity of audio calls from 8 to 32.
App to get emojis. Admins will have power to delete msgs.
@CNBCTV18Live
@CNBCTV18News
4
15
50
Justice Arun Mishra led bench of Supreme Court to hear the AGR Case today!!
Time - 2PM
SC to hear issue of Jio's liability wrt R.Comm's AGR dues + Issue of whether Spectrum can be sold under IBC.
Watch this space for live updates from AGR Hearing.
@CNBCTV18Live
3
8
49
46/n
IMP -
Solicitor General to SC -
Govt view is that if extension is not given, insolvencies that SC fears will happen tmrw.
Spectrum itself acts as a security for ensuring payment of AGR dues.
25
6
46
Minister of Communications, Railways, Electronics and IT
@AshwiniVaishnaw
lauds the efforts of DOT Member (Finance) and the team, for realizations of nearly Rs. 1.5 lakh crores from Spectrum Auction.
#5G
#5GSpectrum
#5GSpectrumAuction
#SpectrumAuction
@CNBCTV18Live
@CNBCTV18News
10
22
46
8 / n
Justice Mishra Says -
Give us details of timeframe.
How many years is govt proposing
What is the guarantee that telcos will pay as per timeframe.
What is the security that telcos are ready to furnish?
Are telcos willing to submit personal guarantees by directors?
4
5
43
1/n
Supreme Court to hear the AGR case today - 03.00pm
SC to consider -
1. Recovery of AGR dues from Telcos under insolvency - R.Comm, Aircel, Videocon
2. MAY also give clarity on staggered payment schedule.
Watch this space for live updates.
@CNBCTV18Live
6
4
43
Supreme Court to shortly hear AGR case.
Hearing was scheduled for 02.45.
Harish Salve, appearing for Jio and SBI, likely to argue -
1. Jio has fully paid AGR dues.
2. Spectrum can be sold under IBC.
Stay tuned for live updates.
@CNBCTV18Live
8
7
43
26/n
IMP -
Solicitor General to SC -
Govt's official position is that any decision that SC takes to help recovery of AGR dues, the Govt will support!!
7
3
43
President Ram Nath Kovind appoints former Chief Justice of India, Justice Ranjan Gogoi to the Rajya Sabha.
One of Fmr. CJI Ranjan Gogoi's biggest judgments was the one ordering the construction of Ram Mandir in Ayodhya.
@CNBCTV18Live
@CNBCTV18News
6
13
41
1/n
AGR Hearing
Justice Arun Mishra MAY reserve orders today in the AGR hearing.
Lawyers have signed in. Waiting for the the bench to assemble.
Scheduled Time - 02.00pm.
Bench running a little late.
Watch this space for live updates.
@CNBCTV18Live
9
7
43
1/n
Justice Arun Mishra led bench of SC to hear the AGR Case.
As per court staff, proceedings will be delayed by at least 20 mins.
Hearing was originally scheduled to begin at 2PM.
Watch this space for live updates from SC.
@CNBCTV18Live
3
5
42
Interest Waiver Case in SC!!
Supreme Court to consider plea for waiving interest, interest on interest for moratorium period.
Govt opposes any waiver of interest, says burden will be on depositors.
((Watch this space for live updates))
Time - 10.30am
@CNBCTV18Live
3
15
40
IMP -
AGR UPDATE -
Notice just issued from SC.
SC notice says that bench headed by Justice LN Rao will not be sitting tmrw.
This bench was scheduled to pronounce the AGR judgment.
@CNBCTV18Live
7
13
40
2/n
Systems Team of SC routing in lawyers for Telcos, Govt for virtual hewring.
Mukul Rohatgi for Vodafone Idea has logged in.
Waiting for Judges to join.
3-Judge bench headed by Justice Mishra to begin hearing shortly.
Stand By -
AGR hearing in SC to begin shortly.
SC to decide on allowing telcos staggered payment over 20 years.
Watch this space for live updates.
@CNBCTV18Live
10
12
75
7
11
38
2/n
Tech issues still awaiting resolution.
Lawyers gradually being connected to Virtual Court No. 1 of Supreme Court.
Another case to be heard by Justice Arun Mishra led bench, prior to the AGR case.
@CNBCTV18Live
4
4
39
51/n
Hearing Concludes. It's a wrap from Supreme Court.
36
5
36
44/n
IMP -
Solicitor General -
Cabinet considered the issue, decided on 20 year period.
Would still stand by DOT plea seeking 20 year payout period.
Govt has provided for relief due to cascading effect on economy.
21
1
35
1/n
Interest Waiver Hearing to begin shortly in SC.
Justice Bhushan led bench to begin hearing by 12 Noon.
Govt, RBI batting for no further relief from SC.
@CNBCTV18Live
8
11
37
9/n
Mukul Rohatgi for Voda -
Have submitted financial documents like income tax returns.
Over last 15 years, entire networh of co has been wiped out.
All revenue has been spent on liabilities, tax, dues.
Over 1 lakh cr of equity brought in by promoters has been eroded.
6
5
35
14/n
SC Observes -
What is being proposed is like you renting out your house to a tenant, and the tenant selling your house under IBC.
9
8
38
19/n
SC Observes -
It seems the DOT is allowing room for re-assessment.
Who in the Govt has the temerity to do this?
No one has the authority to overturn our orders.
You dont know me, I will despatch people to jail from here.
14
7
36
6 / n
Solicitor General to SC -
SG to SC -
Central Govt examined the AGR issue.
Examined the impact across sectors if the amount is collected in one go.
1
7
33
18/n
SC Observes -
When sovereign right is transferred for using spectrum, can dues arising be subservient to dues claimed by secured creditors
Dues arising out of use of natural, public resources cannot be merely operatiomal dues, matter of public money.
4
3
36
Supreme Court slams UP Govt over arrest of journalist for 'objectionable' tweets against
@myogiadityanath
, SC expresses shock and directs immediate release.
SC questions how journo could be sent to jail, we can't sit back, people have constitutional rights.
@CNBCTV18Live
7
5
33
45/n
IMP -
SC -
How do you secure dues payable?
Govt Says -
In case if default we can cancel spectrum and auction it to recover dues.
Alert - Telcos had proposed spectrum to act as security for securing staggered payout. Govt seems to have accepted Telcos argument.
21
5
33
2/n
Stand By
Justice Arun Mishra led bench assembles.
Hearing begins.
1
4
35
EXCLUSIVE -
Amazon writes to
@sebi
and
@BSEIndia
Highlights the Emergency Arbitrator's order restraining Future Retail from finalizing 24,700cr deal.
Amazon urges Sebi, BSE to consider stay order before granting nod to deal.
@CNBCTV18Live
1
13
29
Almost an hour away from the
#AYODHYAVERDICT
- already massive crowd gathered outside Court Room 1 of the Supreme Court.
CJI Gogoi led 5 judge bench to deliver
#AyodhyaJudgment
in Court Room 1.
Is this the biggest judgment ever by SC?
#AyodhyaHearing
#AyodhyaCase
@CNBCTV18Live
1
15
32
LIVE THREAD - AGR!!
Supreme Court bench headed by Justice LN Rao minutes away from pronouncing judgment on plea by Airtel, Voda-Idea on their pleas seeking correction of "arithmetic errors" in AGR demand.
Watch this space for SC updates.
@CNBCTV18Live
8
10
33
7 / n
Solicitor General to SC -
Some telcos may close operations.
Limited porting capacities, will hurt crores of customers.
Will impact quality of service, migration of crores of customers will not be seamless.
1
5
32
15/n
Mukul Rohatgi for Voda -
No dispute that Voda is owed GST refund of about 8000cr.
That refund may be retained by the Govt wrt AGR dues.
Have now paid 8000cr towards AGR dues.
5
2
32
@SandeepParekh
China holds 30.8% of shares vs India's 8.6%
China has 300,055 votes vs India's 85,924.
Clearly it is not as Indian as Chinese.
Ironically, the AIIB was launched BECAUSE "multilateral" forums like World Bank were perceived to be too "American" when US held only 16% shares in it.
1
3
31
14/n
SC Observes (For Voda) -
With so many losses, how are we to rely on you?
You are making the decision more difficult for us.
How should we secure AGR dues payable by Voda?
Voda has conceded that no Bank is prepared to lend it money.
7
5
30
Interesting-
Supreme Court of India is conducting hearings amidst the
#Covid_19
#lockdownindia
via video-conferencing.
Today the video tools simply didn't work. So some of the biggest judges, lawyers in India decided to conduct the hearing on Whatsapp Video chat!
@CNBCTV18Live
2
8
32
1/n
Supreme Court to shortly hear the Tata-Mistry Dispute Case.
Bench of SC to be headed by CJI SA Bobde.
Watch this space for LIVE UPDATES
@CNBCTV18Live
2
2
32
14/n
SC Observes -
Person using the spectrum is liable to pay AGR dues.
Why should Jio not furnish payment for AGR dues.
6
7
31
25/n
SC Observes -
Jio earning revenue by sharing R Comm spectrum, Jio is earning revenue.
Can Jio be held liable when they are generating revenue from shared spectrum?
We want Govt's position on Jio sharing R.Comm spectrum, on Jio discharging R.Comm spectrum dues.
8
6
31
8/n
Bench headed by Justice Mishra log in.
Solicitor General logs in.
Hearing to begin.
5
5
28
3/n
Harish Salve begins to address the Justice Mishra led bench of Supreme Court.
2
7
32
1/n
SC to consider interest waiver case.
Govt proposes paying the interest on interest for loans of up to 2cr for 6 month moratorium period.
Time - 10.30am
Watch this space for live updates.
((Live Thread))
@CNBCTV18Live
3
9
31
8/n
((Please forgive the typos. Perils of tweeting live))
Still waiting for the Justice Arun Mishra led bench to assemble.
All lawyers logged in and waiting.
5
3
31
Interest Waiver Case -
Supreme Court to shortly take up plea seeking interest waiver.
In last hearing, SC had reprimanded Govt for not clarrifying position.
RBI is against an interest waiver for 6 month moratorium, warned of a 2 lakh cr hit for banks.
@CNBCTV18Live
2
7
30
1/n
SC to shortly hear plea seeking interest waiver for 6-month moratorium on loans announced by RBI.
SC to ONLY consider waiver of interest on deferred interest.
Centre likely to clarrify its position on waiver of interest on interest.
LIVE Updates!!
@CNBCTV18Live
3
5
28
13/n
Mukul Rohatgi for Voda -
Had not made provided earlier because we had won earlier in TDSAT.
Made provisions in the last fiscal for about 38000cr.
3
3
28
4/n
Some technical issues delaying the virtual hearing for AGR dues?
Judges are yet to join the virtual proceedings.
9
2
29
Journalists deployed at full strength outside Supreme Court. Preparing to cover
#AYODHYAVERDICT
Is this the biggest judgment ever from the Supreme Court?
#AyodhyaHearing
#AyodhyaCase
#AyodhyaJudgment
@CNBCTV18Live
0
6
28
19/n
SC Observes -
We want details of spectrjm sharing agreements entered into by all insolvent cos.
We want to know who is using spectrum of insolvent cos.
10
2
29
24/n
Mukul Rohatgi for Voda -
Have no assets left with us, only asset that remains is Spectrum.
GST refunds of 8000cr accruing to us can be retained by Govt.
14
6
27
48/n
SC dictating order.
SC reserves judgment on time to be allowed for staggered AGR payment.
Bharti, Voda have sought 15 years. Govt backs 20 year payment formula.
15
2
27
11/n
Salve clarrifies that he is appearing for Jio.
Salve for Jio -
Not involved in R.Comm IBC proceedings, want to correct any erroneous impressions.
1
4
29
9/n
SC Observes -
How can you sell somebody else's property.
This will allow for dues to be wiped out, new party will take over free of all encumbrances, liabilities.
Wiping out of Govt duesnin this fashion is not permissible.
1
2
27
9 / n
Solicitor General to SC -
Telcos must provide some security to satisfy the court.
3
8
27
16/n
SC Observes -
Of the 8000cr you paid 1000cr just this last weekend.
Very difficult to rely on Voda.
Who is the kingpin? Who is managing Voda?
8
2
26
K'taka HC repeatedly threw reporters out of the VC link, barring media from watching the critical case of Amazon, Flipkart opposing CCI probe.
Case affects crores of traders and livelihoods, but public was denied access.
@CAITIndia
@CNBCTV18Live
@DIPPGOI
@CCI_India
1
7
28
6/n
Harish Salve, SG Tushar Mehta also watching peoceedings.
5
2
29
33/n
Justice Arun Mishra due to retire on Sep 2.
Only 7 working days availible for Justice Mishra led bench to pronounce judgment.
13
2
28
22/n
SC Says -
Telcos are profiting during lockdown, not one of the telcos have contributed anything towards Covid.
22
3
27
#Rafale
Hearing set to begin in SC, shortly.
Waiting for the 3-judge bench to assemble.
@YashwantSinha
makes an appearance for the first time in SC, in the Rafale Case.
@CNBCTV18Live
@ShereenBhan
7
9
23
21/n
RP for R.Comm to SC -
Fair value of R.Comm is 10200cr.
SC observes -
At the time of proposed sale to Jio, before IBC, R.Comm claimed assets of 35000cr.
We want to know where the assets have gone?
How has the value of assets depreciated so significantly?
5
6
28
12/n
SC Asks Voda -
Did Voda ensure provisioning for AGR liabilities?
Demands had been raised by the DOT, why not provided for by Voda?
3
3
26
Justice Mishra Says -
There is vast differences in licenses of PSUs and licenses of telcos.
Govt must clarify if demand order has been revoked.
Is the govt trying to overwhelm us by raising surcharge demands.
3
3
25
10/n
SC Observes -
Asking this question to ascertain who is using Spectrum, as AGR dues are a function of spectrum.
Jio seems to be using the soectrum, why should they be soared from paying AGR dues
If you transfer spectrum, the company taking spectrum benefits
2
6
26
CJI Bobde led bench of SC to hear Tata Sons plea against Mistry owned Pallonji Group's fund raising plans.
Tata Sons opposes Pallonji Group raising funds by pledging Tata Sons shares.
Hearing to begin shortly.
@CNBCTV18Live
1
8
27
Of the 5-judge-bench of SC, the only judge to disagree with allowing entry of women into
#Sabrimala
happens to be the only woman on the 5-judge-bench of the SC!!
#SabarimalaVerdict
#SabrimalaVerdict
#SabarimalaJudgment
@CNBCTV18Live
@CNBC_Awaaz
@CNBCTV18News
0
6
24
After all the social media rage against China and after calls for boycott and atmanirbharta, Indians go out and buy even more Chinese phones.
Growth rate of 9% for Xiaomi, 19% for Vivo and 23% for Realme!!
5
10
27
6/n
Stand by. AGR hearing to begin.
Justice Arun Mishra led bench of SC assembles.
3
1
26
42/n
Voda revises demand from 20 years to 15 years to repay AGR dues.
Mukul Rohatgi to Voda -
With folded hands prepares to accept a reasonable period of 15 years.
14
2
24
29/n
Abhishek Manu Sighvi for Airtel -
Today dues payable by us should be 21000cr, not 43989cr claimed by DOT.
DOT has clubbed SUC dues to amounts claimed.
DOT demand of 43980cr also includes SUC dues.
AGR judgment of SC was only wrt to license fee dues, not SUC.
13
1
26
SC holds
#AnilAmbani
guilty of contempt for non payment of 550cr to Ericsson.
SC directs -
R.Comm to pay 450 cr jn 4 weeks. In case of failure to pay, Anil Ambani will go to jail for 3 months.
@CNBCTV18Live
@CNBCTV18News
6
13
22