SC ordered Seizure of operations of Unsuccessful Bidders of Auction of 2G ... - Jagran Josh

The Supreme Court (SC) of India on 15 February 2013 directed the telecom companies that failed to win bidding in the fresh 2G Spectrum Auction or didn't participated into it to cease their operations immediately. The fresh auction took place after the licenses issued earlier were scrapped by the Court. The Supreme Court also cleared that the Court would soon order the companies, which were successful in winning their biddings in the actions those were held on 12 November and 14 November 2012 to start operations in their respective circles immediately.   The Supreme Court bench of two Judges that comprised justices G S Singhvi and K S Radhakrishnan directed the telecom companies whose licenses were scrapped on 2 February 2012 but allowed to function were supposed to pay back the reserved price fixed for the licenses during the first round of November 2012 auction. The Court in its declaration cleared that the Judgment pronounced in February 2012 was not applicable for the telecom companies that holds spectrum in 900 MHz band as the orders of February 2012 held's no bearing on litigations related to 900 MHz band. The Court also ordered to put on immediate and fresh auction the entire 2G Spectrum, whose licenses were cancelled by it. via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG1BVnm7rvvMwHbl7qeypCdlZYA1Q&url=http://www.jagranjosh.com/current-affairs/sc-ordered-seizure-of-operations-of-unsuccessful-bidders-of-auction-of-2g-spectrum-1360999712-1

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