23 April, 2014 17:43 IST
News
2G: SC dismisses curative petitions of telcos and Raja
Source: DDI (15-FEB-13)
Comments  |  Post Comment

The Supreme Court dismissed curative petitions of several telecom firms for re-examination of its verdict cancelling 122 2G spectrum licences allocated during the tenure of former Telecom minister A. Raja.

The apex court also denied permission to Raja to file his curative petition.

The companies whose petitions were rejected are Videocon Telecommunications, Sistema Shyam Teleservices (SSTL), Tata Teleservices (TTSL) and Idea Cellular. A bench of Chief Justice Altamas Kabir and Justices P. Sathasivam and G. S. Singhvi rejected the plea of the telecom firms and Raja stating that no case is made out.

''We have gone through the curative petitions and the relevant documents. In our opinion, no case is made out within the parameters indicated in the decision of this Court in Rupa Ashok Hurra vs Ashok Hurra & Anr. Hence, the curative petitions are dismissed. As far as curative petition of Raja is concerned, permission to file curative petitions is rejected,'' it stated, adding that consequently, applications for stay and appropriate directions are also rejected.

A curative petition is filed after the dismissal of review petition and is decided in the chambers of judges.

Earlier on April 3, 2012, the apex court had dismissed the review petitions of Videocon Telecommunications, S Tel, SSTL, TTSL, Unitech Wireless (Tamil Nadu) Pvt, Etisalat DB Telecom Pvt and Idea Cellular.

A bench of justices G. S. Singhvi and A. K. Ganguly (since retired), on February 2, 2012, had cancelled the 122 2G licences holding as unconstitutional the policy of first-come-first-served.

Reacting to the dismissal of the curative petition, SSTL in a statment said, ''It is unfortunate that the Supreme Court has not admitted the curative petition of SSTL. The company believes that it has been unfairly penalised in the February 2, 2012 order by the Supreme Court. While SSTL remains committed to its operations, however, it would be up to the shareholders to decide the go forward strategy of the company.''


News
Sabero Organics Gujarat standalone quarterly net declines 27.22% - 23-Apr-2014 17:32
Shree Digvijay Cement Company standalone quarterly profit zooms 2.31 times - 23-Apr-2014 17:24
Cairn India consolidated Q4 profit climbs 18.4% - 23-Apr-2014 17:13
Infosys in strategic alliance with Orange - 23-Apr-2014 16:44
B S L standalone quarterly net surges 60.00% - 23-Apr-2014 16:11
Mastek standalone quarterly earnings plunges 77.61% - 23-Apr-2014 16:09
Mahindra's agri division enters into JV with HZPC, Holland - 23-Apr-2014 15:52
JM Financial denies any talks on merger with HDFC Bank - 23-Apr-2014 15:43
HDFC Bank clarifies on news report - 23-Apr-2014 15:36
Indiabulls Real Estate standalone quarterly earnings fall 19.78% - 23-Apr-2014 15:35
S I Capital & Financial Services swings to loss in Jan-Mar quarter - 23-Apr-2014 15:32
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   tqgrbs into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer