2G Verdict

The Last Word: Is SC ruling in 2G relief for the government?

The Supreme Court said that the auction route is not mandatory for allocation of every natural resource. ...

SC says auction of natural resources not mandatory

New Delhi: In a huge relief to the Central government, the Supreme Court on Thursday held the Presidential reference on 2G as maintainable and said that the auction route is not mandatory for allocation of every natural resource. The apex court also clarified that its order on 2G spectrum auction was only restricted to the telecom sector and not for any other resource. While the government welcomed the judgement of...  

2G: SC allows govt to withdraw its review plea

New Delhi: The Supreme Court on Thursday allowed the government to withdraw its petition seeking review of the 2G judgement after rapping it for circulating a letter on its intention to various parties linked to the matter. The apex court granted withdrawal of the review petition on the "oral request" made by Additional Solicitor General Indira Jaising. She made the request on the advise of a bench comprising justices GS...  

SC ruling on 2G will affect other sectors: Sibal

New Delhi: The Supreme Court judgement cancelling 122 telecom licences allocated on first-come-first-serve basis has ramifications for other sectors like mining where the same principle is adopted, Telecom Minister Kapil Sibal has said. "I have been saying this repeatedly that the impact of the judgement is far-reaching. It has implications not only on the (telecom) sector but on other sectors as well," Sibal said. The apex court, cancelling licences allocated...  

2G verdict: AG to advise PM on review petition

New Delhi: Prime Minister Manmohan Singh on Saturday met senior Cabinet members Kapil Sibal, Salman Khursheed, Pranab Mukherjee and P Chidambaram to chalk a way out of the 2G mess. It was a preliminary meeting to get a clear understanding of the judgment of the Supreme Court. Talking about the meeting, Union Telecom Minister Kapil Sibal said, "We had a presentation in which salient features of judgement were discussed. It...  

Business irregularity will be punished: Moily

Union Minister M Veerappa Moily has said that any investor will be awarded if they invest but will also be punished if there is any irregularity. ...

2G: Somnath's criticism disappoints ex-SC judge

New Delhi: Retired Supreme Court judge Justice A K Ganguly has hit back at former Lok Sabha Speaker Somnath Chatterjee over the scrapping of the 2G licences. Reacting to the charges of judicial overreach levelled by Chatterjee, Justice Ganguly said he was disappointed at the logic of the criticism of the 2G case. He said, "I can assure Mr Chatterjee on behalf of the bench that the judgement was not...  

Chidambaram cannot get a clean chit: Swamy

New Delhi: The Supreme Court on Thursday cancelled all the 122 2G spectrum licences issued during the tenure of former telecom minister A Raja. The apex court also had words of appreciation for Janata Party president Subramanian Swamy. Speaking to CNN-IBN after the court verdict, Swamy said that he would now argue before the trial court to make then finance minister P Chidambaram a co-accused in the case. Veeraraghav: Joining...  

2G verdict: Established players like Bharti, Vodafone to benefit

As many as 122 2G licenses cancelled in 22 circles across India " in a country of 900 million subscribers, it is less than 5 per cent. ...

SC verdict on 2G: What it means for consumers

New Delhi: The Supreme Court on Thursday cancelled all the 122 licenses issued in 2008 during the 2G spectrum allocation. A fresh auction will be held within four months. But what does it mean for the customers and the industry? The verdict has come as a huge embarrassment to the government and a jolt to the telecom sector. As many as 122 2G licenses cancelled in 22 circles across India...  

Always tried to play with straight bat: Justice Ganguly

New Delhi: On his final day in office, Supreme Court Judge Justice Asok Kumar Ganguly, who along with Justice G S Singvi, delivered a major blow to the government by quashing the 122 2G telecom licenses, said he "always tried to play with a straight bat." Addressing his farewell function organised by the Supreme Court Bar Association, an emotional Justice Ganguly also demonstrated his keen interest in cricket by stating...  

SC verdict on 2G perfectly correct: KTS Tulsi

Senior advocate KTS Tulsi has welcomed the SC verdict on the 2G scam calling it perfectly correct. ...

2G verdict: Kapil Sibal says; CNN-IBN asks

New Delhi: The Supreme Court on Thursday cancelled all 122 telecom licences allotted under the 2G spectrum on or after January 10, 2008. All additional spectrum given to incumbents on or after January 10, 2008 have also been cancelled. While cancelling the licences the Supreme Court ruled that 85 out of the 122 licences were outside the eligibility criteria for allocation. The apex court said that the 122 licences for...