SC AGR Hearing HIGHLIGHTS: The Supreme Court continued hearing the case on adjusted gross revenue (AGR) dues of insolvent telecom companies including Reliance Communications, which amounts to Rs 45,000 crore. Senior advocate Harish Salve, appearing for Reliance Jio, said that it is nobody’s case that spectrum is owned by anyone else other than the government. Salve added that spectrum is recorded as an asset, by virtue of having been purchased in an auction. Telecom companies own the right to use the spectrum which is an extremely valuable right of the telcos. The Supreme Court asked that if telecom companies don’t own the spectrum then how can they sell it. “Telcos only have a right to use spectrum,” SC said. Salve also said that it’s premature for the SC to decide if the spectrum can be sold. The apex court should not trouble itself. A bench comprising Justices Arun Mishra, S Abdul Nazeer and MR Shah heard the matter. The SC has adjourned the case till 2 PM tomorrow.