HUGE DEVELOPMENT IN 2G CASE: Supreme court may strip spectrum of aircel

Source: ET

The Supreme Court on Friday proposed to strip Aircel of its spectrum over Maxis promoter Anandakrishnan’s refusal to appear in courts in the 2G case.

A lower court has issued summons in the 2G case to both Maxis and its owner to appear as accused. So far both have evaded the summons.

A bench led by Chief Justice J S Khehar said that they would not like anyone to benefit from Indian assets such as spectrum if they did not honour Indian courts.

DoT has been asked to look for an alternative service provider for aircel’s 65 million subscribers. The company and its owner may however escape the order if they enter appearance through lawyers.

For the time being Aircel rights cannot be sold or transferred to any third parties.

The CJI said that no one can be allowed to abuse the process of the court while using Indian resources.

The Malaysia-based Maxis is accused of paying a Rs 713 crore bribe to get the spectrum licence in 2006, awarded to Aircel during former telecom minister Dayanidhi Maran’s tenure.

The case, investigated by the CBI after the court instance, is pending trial. The CBI filed a chargesheet in 2014, naming the Maxis owner and the company and two other senior officials as accused in the case.

Maran is also an accused in the case.