The court, while noting the CBI's submission that it was a case of high political corruption, said that it was unmoved by the nature of the case due to "nil evidence"
Three top executives of Reliance ADAG -- Gautam Doshi, Surendra Pipara and Hari Nair were acquitted in the case.
"A blind man can see. You know the CAG chief is today one of the strong advisors of the government, posted on various boards and organisations and is being rewarded for what he has done. That will remain a black mark in the history of CAG," Vadakkan said.
The party's "zero loss theory" was proved to be wrong when the apex court squashed spectrum allocation in 2012, the minister said after a special court acquitted all accused in the 2G spectrum scam allocation case.
They said the agency will study the order and will knock on the doors of the high court armed with their evidence and investigation.
Concerned over the impact of the recent Supreme Court verdict cancelling 122 2G licences, Norwegian IT Minister Rigmor Aasrud has sought an appointment with her Indian counterpart to discuss the issue as the government braces itself up for diplomatic parleys.
Networth Stock Broking has come out with its report on 2G Verdict. The research firm is positive on Bharti Airtel.
Asim Abbas, Partner with Khaitan & Co spoke to CNBC-TV18 about his view on the legal recourse that telecom operators are looking forward to with regard to the 2G verdict.
A review of the SC order is just a matter of time, but Sistema of Russia is first off the block with a formal statement announcing a review petition. This is even as the lawyers for other affected telcos have been meeting and preparing their review petitions.
Analysts would agree that it has been an excellent start to 2012 for equities and risky assets, says Jason Hughes, head of premium client management at IG Markets.
Sandeep Shah of Sampriti Capital said the market appears to have already factored in the winners and the losers post the 2G verdict.