Contact Your Financial Adviser Money Making MC
6
January 2017
 |
Aircel (The Total Investment & Insurance
Solutions)
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 J.S. Khehar
also restrained the transfer of 2G spectrum originally granted to Aircel to any
other entity. The Total Investment
& Insurance Solutions
Proposing to cancel the licence, the court
said that 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.
The bench said that it would be open to
Krishnan and Marshal to appear before the court in Delhi, failing which it
would pass its proposed order. The
Total Investment & Insurance Solutions
The court made it clear that Krishnan and
Marshal would not be permitted to raise any issue of financial loss, that they
might suffer on account of the proposed cancellation of the 2G licence and
spectrum granted to Aircel in November 2006. The Total Investment & Insurance Solutions
The court directed the next hearing of the
matter on February 3.The Total
Investment & Insurance Solutions
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