New Delhi: The Hutch-Essar spat is far from over with Essar maintaining that the Department of Telecommunications (DoT) approval for acquisition of BPL shares is yet to come.
Sources say that the only approval that has been received is for the merger of the two companies.
What has been received from DoT is an approval for the merger of two companies, that is, BPL with Hutchison-Essar, and not for an acquisition of shares.
That too had been issued on August 11, 2006, which was after the termination of agreement of BPL Mobile Communications Limited, sources said.
Essar Sources say that they should have got a DoT nod for share acquisitions under the BPL pact and they should have received an approval by July 31, 2006.
Essar sources add that they have received an approval only for a merger of the two companies and they got the DoT approval on August 11, after the termination of agreement.
Essar will ask the Bombay High Court for a clarification on the previous order, sources say.
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