The verdict stated that Loop mobile was the beneficiary of the first-come-first-serve (FCFS) policy “which was intended to favour a group of private bidding associates at the cost of the public exchequer”.
Telecom firms such as Videcon, Loop and S Tel are said to be in deliberations to sue the government for damages following the 2G 'scam' verdict.
A special court today acquitted Essar Group promoters Ravi Kant Ruia and Anshuman Ruia and others in a case arising out of the 2G scam probe.
New Delhi, Mar 23: The Department of Telecommunications has told Vodafone and Loop telecom that their licences cannot be extended and they will need to bid for airwaves to continue their services. Millions of subscribers
New Delhi, May 29 : Loop Telecom today took the government and Trai before the sector's tribunal TDSAT seeking refund of Rs 1,454 crore paid for 2G licence and sought Rs 1,000 crore damages for
New Delhi, Apr 10: Loop Telecom, whose 2G licences were among the 122 telecom licences cancelled by the Supreme Court, today said it is shutting down business in the country, except in the Mumbai circle
New Delhi, Feb 14: Essar Teleholdings and Loop Telecom, chargesheeted along with the promoters in the 2G scam, today withdrew their pleas from the Delhi High Court, saying they have already moved the Supreme Court
New Delhi, Feb 2: Telecom regulator Trai today said there will not be much impact on customers due to cancellation of 122 2G licenses of eight companies, as around 95 per cent of total subscribers
New Delhi, Jan 5: The Delhi High Court today deferred till January 10 hearing on the pleas of Essar Teleholdings Ltd and Loop Telecom Ltd, facing charges of cheating and criminal conspiracy in 2G spectrum
New Delhi, Dec 17: A Delhi Court today reserved its order for December 21 for taking cognisance of CBI's third charge sheet arising out of investigation in the 2G scam case against Essar Group and
New Delhi, Apr 23: Former Telecom Minister A Raja and two corporate honchos, who have been chargesheeted in the 2G Spectrum allocation scam case, today complained to a Delhi court that documents supplied to them
New Delhi, Apr 5: Government was at loggerheads with the CBI in the Supreme Court today over the agency's decision to appoint senior advocate U U Lalit as special public prosecutor in the 2G spectrum
New Delhi, Apr 4: The CBI today secured for two more days custody of Kusegaon executive Rajiv Agarwal, arrested in connection with the 2G spectrum scam, from a Delhi court to probe the alleged flow
New Delhi, Apr 4: Tata Sons Chairman Ratan Tata and Niira Radia were today quizzed in connection with 2G spectrum scam by Parliament's PAC whose head M M Joshi said the panel found the industrialist
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