The Centre on Friday informed the Delhi High Court that the renewal of licences for 900 MHz spectrum of three leading mobile service operators would be decided within two weeks. "The government will decide their applications (for renewal of licences) within two weeks as per the law," Additional Solicitor General (ASG) AS Chandhiok told a bench of Justice Rajiv Shakdher. ...
06:15 PM, Feb 22, 2013
Loop Telecom moved the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) on Tuesday for compensation for its cancelled 2G licence. ...
07:22 PM, May 29, 2012
New Delhi: Loop Telecom on Tuesday took the government and TRAI before the sector's tribunal TDSAT seeking refund of Rs 1,454 crore paid for 2G licence and sought Rs 1,000 crore damages for loss of reputation after its cancellation. In its petition, Loop Telecom has submitted that the Supreme Court has cancelled the UASL license issued to it by the government under its "flip flop' first-come-first-serve policy and it had...
06:09 PM, May 29, 2012
New Delhi: Essar promoters Ravi and Anshuman Ruia, and Loop Telecom's Kiran Khaitan and IP Khaitan have been charged with conspiracy while Essar's Director for Strategy and Planning Vikash Saraf has been charged with cheating and conspiracy in the 2G spectrum allocation scam. The Special Central Bureau of Investigation (CBI) court also granted them bail on a surety bond of Rs 5 lakh each while charging them. Advancing arguments on...
04:22 PM, May 25, 2012
New Delhi: A Delhi Court will pronounce its order on Friday on farming of charges against Essar group and Loop Telecom promoters for allegedly committing offences of cheating and criminal conspiracy for obtaining the 2G spectrum licences from government. "Put up for order on May 25. All the five accused person shall remain present in the court in person (on May 25)," Special CBI Judge OP Saini said after the...
11:53 AM, May 25, 2012
New Delhi: A special Central Bureau of Investigation (CBI) court on Saturday said arguments on the framing of charges against some top corporate honchos from Loop Telecom and Essar Group will commence May 3. Special CBI Judge OP Saini put, for May 3, the arguments on framing of charges and bail application of Ravi Essar Group promoters Ravi Ruia and Anshuman Ruia, Loop Telecom promoters IP Khaitan and Kiran Khaitan...
07:32 PM, Apr 21, 2012
Mumbai: Loop Telecom will close down its operations after losing its licenses in the wake of an alleged multi-billion dollar corruption scandal, a company spokesman said, while its sister company Loop Mobile would continue operations in Mumbai. Supreme Court in February ordered cancellation of 122 telecom licences held by eight operators, including that of Loop Telecom, because of alleged irregularities in the 2G spectrum allocation in 2008. A state auditor...
12:36 PM, Apr 10, 2012
New Delhi: A delegation of industry chamber Assocham, led by its newly-elected president Rajkumar Dhoot along with DLF chief KP Singh, will meet the Prime Minister on Tuesday over the impact of Supreme Court judgement cancelling 2G licences. "The meeting with the Prime Minister will cover issues related to the industry overall and in particular the development after the Supreme Court cancelling 122 2G licences," a source said. Swati Piramal...
11:43 PM, Mar 05, 2012
New Delhi: The promoters of Loop Telecom and Essar Group failed to appear in court yet again on Wednesday. Promoters I P Khaitan and Kiran Khaitan were granted exemption from personal appearance by a Delhi court, which had summoned them as accused in the 2G case. "Exemption applications of four accused (Ruias and Khaitans) are allowed for today only," Special CBI Judge O P Saini said after taking note of...
10:27 AM, Feb 22, 2012
New Delhi: The promoters of Loop Telecom and Essar Group have been summoned to appear before the 2G court in Delhi on Wednesday. This comes a week after the Supreme Court refused to grant interim stay on the summonses issued against them and their officials by a special CBI court to appear before it on February 22 for their alleged involvement in a 2G spectrum scam offshot case. Fresh summonses...
08:19 AM, Feb 22, 2012
New Delhi: Dealing a major blow to the Congress-led United Progressive Alliance (UPA) Government 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. Following is the full text of the Supreme Court on 2G spectrum scam: IN THE SUPREME COURT OF INDIA...
03:47 PM, Feb 02, 2012
New Delhi: The Supreme Court on Thursday cancelled all 122 telecom licences allotted under the 2G spectrum on or after January 10, 2008. 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 2G spectrum were granted in an arbitrary and unconstitutional manner. Here are the details of the...
12:52 PM, Feb 02, 2012
New Delhi: Dealing a major blow to the Congress-led United Progressive Alliance (UPA) Government 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...
11:02 AM, Feb 02, 2012
New Delhi: Fresh summons have been issued to top executives of Essar and Loop Telecom, accused in the 2G spectrum scam case, after they didn't appear before a Delhi court on Friday. The CBI has chargesheeted the two companies and five executives for criminal conspiracy and cheating to get the 2G license. The five executives - Essar Promoter Director Anshuman Ruia, Essar Vice Chairman Ravi Ruia, Essar Group Director (Strategy...
03:57 PM, Jan 27, 2012
New Delhi: Top executives of Essar and Loop Telecom accused in the 2G spectrum allocation scam failed to appear before a Delhi court on Friday. The five executives - Essar Promoter Director Anshuman Ruia, Essar Vice Chairman Ravi Ruia, Essar Group Director (Strategy & Planning) Vikas Saraf, Loop Telecom's Kiran Khaitan and IP Khaitan - were issued summoned by the special Central Bureau of India (CBI) judge OP Saini in...
12:03 PM, Jan 27, 2012
New Delhi: The Delhi High Court will hear final arguments by Loop Telecom and Essar Telecom in the 2G spectrum scam case on Tuesday. Loop and Essar had earlier filed a petition asking if their case was to be heard by a magistrate court or a special CBI court. A special CBI court had accepted CBI's chargesheet against Essar Group and Loop Telecom in the 2G spectrum scam case and...
09:19 AM, Jan 24, 2012
New Delhi: The Central Bureau Of Investigation (CBI) and the Enforcement Directorate (ED) are expected to file a reply in the Supreme Court in the 2G spectrum case on Friday. The report is in response to a charge that both agencies are going soft on accused companies Essar and Loop Telecom and their promoters. Neither the CBI nor the ED has slapped corruption charges on them. ...
09:34 AM, Jan 20, 2012
New Delhi: The CBI on Tuesday told the Delhi High Court that the offences alleged against Essar Teleholdings Ltd and Loop Telecom Ltd can also be tried by the Special Judge as the case has arisen out of the probe in the 2G spectrum allocation scam. "The Supreme Court had indicated that a special court would be created which will hear the entire case related to the 2G scam exclusively,"...
07:08 PM, Jan 10, 2012
New Delhi: The Delhi High Court will hear the Essar Group's plea in the 2G spectrum scam. Essar had approached the HC last week, challenging the court's jurisdiction to frame charges against it. The company has also sought quashing of charges against it, arguing that the special CBI court is not the right court to hear their case. A special CBI court had accepted CBI's chargesheet against Essar Group and...
08:04 AM, Jan 10, 2012
New Delhi: The promoters of Essar Group and Loop Telecom were among the five persons who were directed to appear on January 27 before a Delhi Court which on Wednesday took cognizance of the CBI charge sheet arising out of the probe in the 2G scam case against them. "I have carefully gone through the copy of the FIR, supplementary charge sheet, statement of witnesses and related documents. On the...
05:57 PM, Dec 21, 2011
