A bench of Justices J S Khehar and Arun Mishra refused to issue notice to the parties and asked the CBI special prosecutor to argue on the issue whether the matter could be referred to Lok Adalat.
Telecom tribunal TDSAT has rejected a petition filed by Loop Telecom seeking a refund of Rs 2,231 crore in licence fee and interest from the government for permits, which it lost in 2G spectrum case in 2012.
"Loop Mobile and Bharti applied to DoT for approval of the business transfer in March 2014. The approval for the transaction is still awaited from the relevant authorities as a result of which Bharti Airtel has withdrawn from the proposed transaction causing huge loss to the company," Loop Mobile spokesperson said.
The law firm will charge fees in the range of USD 160-700 per hour based on the level of lawyer rendering services, the source added. The firm will charge for all third party expenses at its actual cost.
Khaitan Holdings has invested approximately USD 140 million into Loop Telecom, one of the companies whose licenses were cancelled by the Supreme Court.
Bharti Airtel | Apollo Tyres | Fortish Healthcare | Hero MotoCorp | ONGC | BPCL | IOC | HPCL | Tata Motors | M&M and TVS Motor are stocks, which are in the news today.
A CBI witness on Monday said that Khaitan group was the ultimate holding company of BPL Mobile Communication Ltd which later went on to become Loop Telecom Pvt Ltd.
The Supreme Court on Monday dismissed the pleas of Essar Teleholdings Ltd and Loop Telecom challenging the special CBI court's jurisdiction to hold trial against them and their officials in the 2G spectrum case.
The government is confident of achieving the Rs 40,000 crore Budgeted target for telecom spectrum sale in the next financial year despite fiasco of last two spectrum sale.
Loop telecom and the Indian govt are set to hold talks on international arbitration. Khaitan holdings that has ownership stake in loop telecom, will negotiate with the govt representatives on Feb 14-15. Officials from ministry of external affairs (MEA) and department of telecom (DoT) will represent the govt during the talks.
The government will begin, on Monday, the auction for telecom spectrum through which it is hoping to meet Rs 40,000 crore revenue target.
Seven telecom operators, including RCom, Tata Teleservices Maharashtra, Airtel and Vodafone, have been found violating radiation norms laid down by the government after a random check conducted by officials at a location in Mumbai.
The promoters of Essar Group and Loop Telecom, facing trial in a case arising out of the probe into the 2G spectrum allocation scam, were today allowed by a Delhi court to visit abroad from tomorrow till August 26.
The trial against the promoters of Essar group and Loop Telecom, accused in a case arising out of probe in the 2G spectrum allocation scam, today commenced in a Delhi court.
Telecom tribunal TDSAT has directed state-owned BSNL to give at least a week's time to Loop Telecom to clear dues before encashing its bank guarantee to settle the network interconnect usage charges.
Loop Telecom today 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.
A special court on Friday granted bail to five corporate executives, including billionaire Ravi Ruia of the Essar conglomerate, charged in a case as part of a probe into a massive telecoms licensing scandal that has drawn in tycoons and a former minister.
As per TRAI's recommendation on exit policy, Rs 1, 650 odd crore paid by telecom players stands forfeited and will not be returned in any case.
Telecom regulator TRAI has submitted its recommendations to the department of telecom on the exit policy. The regulator has said that there's no need for such a policy, reports CNBC-TV18's Siddharth Zarabi.
Loop Telecom will close down its operations and seek a Rs 3,800 crore refund from the government, the Mint newspaper reported on Tuesday, in the latest corporate fallout from a multi-billion dollar corruption scandal.
Reports coming in state that 6,000+ subscribers who had opted for Loop Telecom's GSM services, across the ...
Promoters of Essar Group and Loop Telecom, named as accused in a case flowing out of the 2G scam, appeared before a Delhi court on Saturday.
Essar Group and Loop Telecom today commenced their arguments in the Supreme Court opposing the jurisdiction of a special court taking cognisance of the chargesheet against them in the case arising out of the agency's probe into the 2G spectrum allocation scam.
CNBC-TV18 learns that Loop Mobile has written to the Prime Minister and other top ministers saying that they will not file a review petition challenging the Supreme Court order on license cancellation.
Promoters of Essar Group Anshuman and Ravi Ruia and Loop Telecom promoters I P Khaitan and Kiran Khaitan were today granted exemption from personal appearance by a Delhi court.