In an interview with CNBC-TV18, Govind Shrikhande, Managing Director of the company says that the company will achieve its LTL guidance of 8-9 percent in FY16 and 9-10 percent in FY17.
CBI had earlier argued in the court that Essar Group was "effectively controlling" LTL which had "fraudulently and dishonestly" misrepresented facts before the Department of Telecommunications (DoT) to acquire 2G spectrum licences.
CBI on Thursday alleged before a special court that Essar Group of companies had created a “corporate veil†through a web of firms to “conceal†its actual holding in Loop Telecom Ltd (LTL) to “circumvent†the guidelines of Unified Access Services Licences (UASL).