Union Of India & Anr vs Assn.Of Unified Telecom S.P.Of ...

The Supreme Court addressed appeals under Section 18 of the Telecom Regulatory Authority of India Act, 1997, challenging the Telecom Disputes Settlement and Appellate Tribunal's decision regarding the transition from fixed license fees to a revenue-sharing model under the National Telecom Policy 1999. The Court held that the licensees' acceptance of the new regime, which included a provisional license fee of 15% of gross revenue, was valid and binding, thereby affirming the Tribunal's order. The judgment clarified the definition of 'Adjusted Gross Revenue' as inclusive of various revenue streams without setoff for expenses, ensuring compliance with the amended license agreements effective from 01.08.1999.