Business News India | Market News
The Supreme Court on Friday proposed to cancel the 2G licence granted to Aircel if the owner of Maxis, the Malaysia-based Anantha Krishnan, who bought the majority shares of the Indian telecom company, and his one-time key aide and Director Augustus Ralph Marshal fail to present themselves before it.
A Bench headed by Chief Justice JS Khehar also restrained the transfer of 2G spectrum originally granted to Aircel to any other entity.
Proposing to cancel the licence, the court said Krishnan and Marshal would not be allowed to frustrate the due course of law by avoiding to appear before the court.
The court said the Ministry of Information Technology would devise ways and means by which the 2G licence originally granted to Aircel could be provisionally transferred to any other service provider, so that subscribers might not suffer any adverse consequences.
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