SC restrains Aircel-Maxis from transferring 2G licences

The Supreme Court today restrained transfer of 2G licences from Malaysia’s Maxis which was originally allotted to Aircel to any other telecom company. A bench headed by Chief Justice J S Khehar also proposed to restrain earning of any revenue by using the 2G spectrum licences which were originally granted to Aircel in 2006. The […]

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SC notice to Unitech MD

The Supreme Court on Friday agreed to hear CBI’s plea for cancellation of bail granted to Sanjay Chandra, MD of Unitech Ltd, in 2G case for allegedly trying to “sabotage the trial” and issued notice to him. A bench headed by Justice G S Singhvi granted two weeks time to Mr. Chandra to file his […]

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CBI witness identifies Anil Ambani’s signature in 2G case

On Monday in the 2G spectrum allocation scam a CBI witness, deposing before a special CBI court identified the signature of Reliance ADAG chairman Anil Ambani on the documents attached to the account opening form of AAA Consultancy Services Co. (P) Ltd, allegedly an “associate” firm of Reliance ADAG. Deposing as a CBI witness, Hasit Shukla, President of Reliance Communications (P) Limited, […]

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Chidambaram overruled officials on 2G : Supreme Court

The Supreme Court was told Wednesday that Home Minister P. Chidambaram, in his earlier capacity of finance minister, overruled officials who favoured an upward revision of the 2G telecom licence fee in 2008. The officials maintained that either 2G licences should be auctioned or there should be an upward revision in their prices and they […]

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Apex court reserves verdict on plea to cancel 2G licences

The Supreme Court Thursday reserved its verdict on a petition for cancellation of 2G licences illegally granted in 2008 after it was told considerations of ‘chaos’ and ‘loss’ of foreign investments if the licences were quashed could not outweigh the concerns over national security. The posituion was made clear to the apex court bench of […]

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