Apex court reserves verdict on plea to cancel 2G licences
March 17th, 2011 - 11:09 pm ICT by IANSNew Delhi, March 17 (IANS) The Supreme Court Thursday reserved its ruling on a plea seeking cancellation of 2G licences illegally granted in 2008 to telecom operators after it was told that the considerations of “chaos” and “loss” of foreign investments if the licences were quasheed could not outweigh national security concerns.
The apex court bench of Justice G.S. Singhvi and Justice A.K. Ganguly was told this in response to its query on the submission by the telecom operators that the cancellation of 2G licences would create chaos in the telecom sector and would adversely affect the foreign direct investment in the country.
The court was hearing a petition filed by Janata Party president Subramanian Swamy.
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Tags: apex, apex court, cancellation, chaos, court bench, court reserves, foreign direct investment, foreign investments, ganguly, march 17, national security concerns, New Delhi, party president, petition, plea, submission, supreme court, telecom operators, telecom sector