Supreme Court moved to stop Aircel-Maxis from selling spectrum

The NGO, Centre for PIL, filed an application in the apex court wherein it has also sought directions to attach the properties and spectrum of Aircel.

Supreme Court moved to stop Aircel-Maxis from selling spectrum
NEW DELHI: A plea was today filed in the Supreme Court seeking directions to the Centre, CBI and ED to stop Aircel-Maxis from selling allotted spectrum to Bharti Airtel and Reliance Communications, claiming it would allow Maxis to "escape law and abscond" with crores of rupees.

The NGO, Centre for Public Interest Litigation, filed an application in the apex court wherein it has also sought directions to attach the properties and spectrum of Aircel.

Both CBI and Enforcement Directorate have already filed separate charge sheets in the Aircel-Maxis deal case and have named former Telecom Minister Dayanidhi Maran, his brother Kalanithi and others as accused.

It has been alleged that Marans had coerced C Sivasankaran, then owner of Aircel, to sell his shares to T Ananda Krishnan, who was the promotor of Malaysian company, Maxis.

A special CBI court has reserved its order on framing of charges against all the accused.

The case against them had arisen during the probe into the 2G spectrum allocation scam which was monitored by the apex court.
ADVERTISEMENT

The plea, filed through advocate Prashant Bhushan, claimed that promoters of Aircel have started the process of selling the spectrum allotted to them and the equity in December and they are "desperate to complete all the deals as soon as possible".
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › Supreme Court moved to stop Aircel-Maxis from selling spectrum
Text Size:AAA
Success
This article has been saved

*

+