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Apr 04, 2012, 10.56 PM IST
Yesterday, the Supreme Court was expected to review the cancelled 122 2G licences. They were cancelled in February. There was review petition on that by most of the telcos. CNBC-TV18’s Malvika Jain reports.
Yesterday, the Supreme Court was expected to review the cancelled 122 2G licences. They were cancelled in February. There was review petition on that by most of the telcos. CNBC-TV18’s Malvika Jain reports.
There is no clarity on the fate of the 2G review petitions. The proceedings began 1:30 pm in the afternoon yesterday. It was just the two judges — Justice Singhvi and Justice Radhakrishnan and their court staff. CNBC-TV understands that the proceedings did not last for too long. But after that, there was no word from the Supreme Court. There are as many as ten review petitions which have been filed. While the government wants the portion related to policy issues to be reviewed, the telecom companies don’t want their licences to be squashed. A Raja, the prime accused in the 2G scandal, wants the entire order to be set-aside because he believes that this order will have a direct adverse impact on his trial at the 2G trial court.
Now, whether these petitions have been accepted or not, maybe there will be some clarity today. But the most nervous applicants are the telecom companies because if their review petitions are not accepted then it effectively means that on June 2, when the 2G cancelation order becomes operative, their licences will get squashed.
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