Tag Archives: 2G

2G: SC Refuses to Grant 400 Days to Centre for Licence Auction

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The Supreme Court refused to grant 400 days to the government to complete the process of fresh auctioning of the 2G spectrum licences but extended the deadline for it from June 2 to August 31, 2012.

A bench of justices G S Singvhi and K S Radhakrishnan also said the existing licences for 2G spectrum will continue to be operational till September 7, 2012.

“In our view, it will be just and proper to partially accept the averments made in the application (by the Centre).

“Accordingly, the time specified for conducting the auction and grant of licences is extended upto August 31, 2012,” said the bench.

The bench also said its February 2 order cancelling 122 licences, allocated during the tenure of A Raja, will remain operational.

The bench made it clear that it was not going to accept the Centre’s prayer for allowing it 400 days to complete the process of auctioning radio waves.

The bench was hearing the Centre’s application, seeking clarification of its direction in the February 2, 2012 judgement which had fixed June 2 as the deadline, when the 122 2G spectrum licenses, issued in 2008, would stand quashed.

The court had asked the Centre to complete the process of fresh actioning by June 2.

During the hearing, Attorney General G E Vahanvati tried to explain the practical difficulties and implication of the apex court order, which had asked the government to complete the entire exercise of fresh auctioning by June 2.

Vahanvati also appraised the bench about the Telecom Regulatory Authority of India‘s (TRAI) recommendation which were announced yesterday.
Source: PTI

2G: CBI May File Charge Sheet Against Some Essar Officials

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The CBI may file a charge sheet against some officials of Ruias-led multinational conglomerate Essar in the 2G spectrum case, a move for which Attorney General GE Vahanvati has given his nod, sources said.

The CBI has claimed that Essar had more than 10% of cross-holdings in Loop Telecom which was against the norms, a charge denied by the two companies.

Sources privy to the development said that the Attorney General (AG) has endorsed the stand of CBI Director A P Singh for filing a charge sheet against some of the officials of the Essar group for allegedly entering into a criminal conspiracy for securing 2G spectrum and also suppressing information.

The final decision in the matter would be taken by the CBI Director after taking into account the opinion of the AG, its own prosecution director and Ministry of Corporate Affairs, which had said that Essar had less than 3% of shares in Loop Telecom, they said.

Essar has maintained that it had adhered to the rules and complied with the telecom guidelines. The sources said CBI, whose stand has been backed by the AG, may file its last charge sheet against some members of Ruia family and other officials of the Essar group for suppressing facts.

 

By PTI

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