rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » 2G licence cancellation: Tata seeks SC verdict review

2G licence cancellation: Tata seeks SC verdict review

Last updated on: February 29, 2012 17:33 IST

2G licence cancellation: Tata's seek SC verdict review

     Next

Next

Tata Teleservices Ltd has moved the Supreme Court seeking review of the judgement cancelling its licences for the 2G spectrum in three circles which were alloted during the tenure of former telecom minister A Raja.

The petition seeking review was filed nearly a month after the apex court on February 2 had cancelled 122 2G licences granted to nine telecom companies including Tata Teleservices Ltd, based on the first-come-first served policy for 22 circles.

Click here for Rediff Realtime News!

Click NEXT to read further. . .


Image: The Supreme Court.
Photographs: Reuters

     Next

2G licence cancellation: Tata seeks SC verdict review

Prev     Next
Prev

Next

The company earlier contended that it had applied for these licences more than 18 months before the 2008 licensing process began.

The court had directed that the licences for the radio waves have to be sold through auction.

A bench of justices G S Singhvi and A K Ganguly (since retired) had also imposed a heavy cost of Rs 5 crore (Rs 50 million) on Tata Teleservices Ltd, Etisalat DB Telecom Pvt Ltd (Swan Telecom Ltd) and Unitech Wireless Group.

Click NEXT to read further. . .




Prev     Next

2G licence cancellation: Tata seeks SC verdict review

Prev     More
Prev

More

The court had held that the companies were benefited by a 'wholly arbitrary and unconstitutional' action of award of licenses to them and for off-loading their stakes for many thousand crores in the name of fresh infusion of equity or transfer of equity.

Tata Teleservices Ltd was granted licences for three circles in Assam, North East and Jammu and Kashmir.

The apex court had said the allocation of of the 2G spectrum under Raja was 'wholly arbitrary, capricious and contrary to public interest apart from being violative of the doctrine of equality' to 'favour some companies at the cost of the public exchequer'.

 

 






Prev     More
© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.