The framing of charges by the trail court on Saturday against the 17 2G scam accused was the big story over the weekend. However, do lawyers and commentators respond agree with the judges handling of the case or do they have reservation?
On CNBC-TV18's special show, India Tonight, Karan Thapar discusses the issue with corporate lawyer, HP Ranina, Supreme Court lawyer, KTS Tulsi and the editor-in-chief of Outlook magazine, Vinod Mehta. Below is an edited transcript of the discussion on CNBC-TV18. Also watch the accompanying video. Q: Mr Tulsi, according to the Economics Times the key part of the trail court ruling is that the court has given a clean chit to the government following first come - first serve and selling in 2008 at 2001 prices. In other words, the court finds no fault with policy, the problems lies in the implementation of that policy. Now that is precisely the argument Kapil Sibal first advanced. So, Kapil Sibal today stands vindicated? Tulsi: Completely, because as far as the policy of first come - first serve is concerned, it was adopted on the recommendation of TRAI, hence, unless there is evidence of wrong doing like Rs 200 crore, which is said in the charge against Raja and against Kanimozhi, there can be no other acquisition legitimately on the base of this finding. The first come - first serve policy recommended tightening of the procedure, if you have received 575 applications, the procedure was to tighten and find who are the real players or the serious contenders and that's how they narrowed down to 22 applicants. Q: Are you saying that the ruling by the trial court vindicates Kapil SibalDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
