Tatas seek review of SC verdict on 2G scam

By: | Updated: 29 Feb 2012 06:03 AM


New
Delhi:
Tata Teleservices Ltd has moved the Supreme Court seeking
review of the judgement canceling its licences for the 2G spectrum in
three circles which were allotted during the tenure of former telecom
minister A Raja.




The petition seeking review was filed nearly a month after the apex court
on February 2 had cancelled 122 2G licences granted to nine telecom
companies including Tata Teleservices Ltd, based on the first-come-first
served policy for 22 circles.




The company earlier contended that it had applied for these licences more
than 18 months before the 2008 licensing process began.




The court had directed that the licences for the radio waves have to be
sold through auction.




A bench of justices GS Singhvi and AK Ganguly (since retired) had also
imposed a heavy cost of Rs five crore on Tata Teleservices Ltd, Etisalat
DB Telecom Pvt Ltd (Swan Telecom Ltd) and Unitech Wireless Group.




The court had held that the companies were benefited by a "wholly
arbitrary and unconstitutional" action of award of licenses to them and
for off-loading their stakes for many thousand crores in the name of fresh
infusion of equity or transfer of equity.




Tata Teleservices Ltd was granted licences for three circles in Assam,
North East and Jammu and Kashmir.




The apex court had said the allocation of of the 2G spectrum under Raja
was "wholly arbitrary, capricious and contrary to public interest apart
from being violative of the doctrine of equality" to "favour some
companies at the cost of the public exchequer".




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First Published: 29 Feb 2012 06:03 AM
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