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SC proposes to cancel Aircel’s 2G licence

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  7 Jan 2017 12:00 AM GMT

New Delhi, Jan 6: The Supreme Court on Friday proposed to cancel the 2G licence and spectrum granted to Aircel if Maxis Communication Communication’s owner, Malaysia-based Antha Krishn Tatparandam, who bought the majority shares of the Indian telecom company, and his one-time key aide Augustus Ralph Marshal fail to present themselves before it. Marshall is shown by the Central Bureau of Investigation (CBI) as a Director of Britain-based Astro All Asia Networks Plc, and Malaysia-based Maxis Communications Berhad.

A bench of Chief Justice Jagdish Singh Khehar, Justice N.V. Rama and Justice D.Y. Chandrachud also restrained transfer or trading in 2G spectrum origilly granted to Aircel to any other entity. Aircel was granted 2G licence with spectrum bundled with it in November 2006.

In a candid message to overseas investors that they can’t build on India’s tural resources and at the same time escape its laws, the court said that Krishn and other accused would not be allowed to frustrate the due course of law by avoiding appearing before the court. (IANS)

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