Apex court reserves verdict on plea to cancel 2G licences

March 17th, 2011 - 11:09 pm ICT by IANS  

New 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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