2G Case Supreme Court cancels all 122 licences – Latest News
In a major development having implications for the corporate sector, the Supreme Court today cancelled
the 122 2G spectrum licences granted by former telecom minister A Raja on the ground that they were
issued in a "totally arbitrary and unconstitutional" manner.
Bringing the curtains down on the controversial allocation by Mr. Raja in 2008, the court strongly
indicted him over the manner in which he manipulated the issue of licences and ordered that the
licences in 22 circles be sold by auction for which the TRAI will make fresh recommendations.
A two-judge bench comprising justices G.S. Singhvi and A.K. Ganguly allowed the impugned licences to
run for four months after which the cancellation order will become operative.
2G Case on scandal over the alleged allocation of telecom licences at below-market prices, Huge lose
to Government to Rs 1.76 lakh crore Today on Share market Stocks in telecoms companies including
Reliance Communications and Unitech fell after this Cancel news Drop But shares in competitor Bharti
Airtel up
this 2G Case petitions filed by Subramanian Swamay
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