2G: Essar, Loop withdraw pleas from Delhi HC

Published on Wed, Feb 15, 2012 at 15:12 |  Source : PTI

Updated at Wed, Feb 15, 2012 at 18:23  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
2G: Essar, Loop withdraw pleas from Delhi HC

Essar Teleholdings and Loop Telecom, chargesheeted along with the promoters in the 2G scam, on Tuesday withdrew their pleas from the Delhi high court, saying they have already moved the Supreme Court against the criminal proceedings before the special CBI court in the case. "The petitions
are dismissed as withdrawn," a bench of justices BD Ahmed and VK Jain said while allowing the pleas of telecom companies to withdraw their applications.

"The petitioner (Essar) is filing the present application seeking permission to withdraw the present writ petition since the petitioner has filed a similar petition before the Supreme Court. The reliefs prayed in the present are also part of the petition before the Supreme Court," Essar Teleholdings Ltd, in its plea, said and sought permission to withdraw the petition.

The court allowed the plea of the telecom firmsEarlier, the high court had asked Essar, Loop and the CBI to seek clarifications from the apex court on its earlier directions to set up a special court for trial of the 2G case and no judicial fora, except it, would entertain any pleas related to the matter.

Later, the telecom firms approached the Supreme Court, seeking a stay on notification setting up a special CBI court to hear the 2G case on the ground that the special court, constituted to hear the matter lodged under the Prevention of Corruption (PC) Act, cannot try companies which are not charged under the PC Act.

They said the offences they were accused of were triable by a magistrate and not by a special CBI judge authorised to hear the case lodged under the PC Act.

  

Trending News

Business News

Non profits might soon use domain extensions .ngo and .ong
'Absorption': the most dreaded word in Mumbai realty "'Absorption': the most dreaded word in Mumbai realty"

Bharat bandh: Sharad Yadav detained in Bihar

RANGARAJAN SAYS GROWTH IMPORTANT, BUT CANNOT IGNORE INFLATION

The latest earning numbers FIRST on CNBC-TV18
Videos

May 30 2012, 23:16

Clash of Spain and ECB worrying investors: Verstrate

- in FII View

May 30 2012, 11:18

Result corner: Ajay Bodke`s top bets from across sectors

- in MARKET OUTLOOK

Interviews

May 31 2012, 10:31 | Source: CNBC-TV18

Rupee fall has hit profits; to repay FCCB in full: Educomp  

May 31 2012, 10:29 | Source: CNBC-TV18

BPCL may cut petrol price by Rs 1.50-2/lt today, says CMD  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!