Khaitan Holdings Mauritius' 2G case against govt to be heard at The Hague

Loop Telecom promoters demanding damages of $1.3 billion from the Centre

The spectre of the government having to fork out large amount of money as compensation to companies for the cancellation of 2G telecom licences in 2012 has surfaced again. One of the companies affected by the cancellation was Khaitan Holdings Mauritius which owned a 26.9 per cent stake in Loop Telecom. The company is demanding damages of $1.3 billion from the Indian government for ‘impairment of their investments’ and the case is expected to be heard at the International Court of Arbitration in The Hague from January 28.

In 2012, the Supreme Court cancelled Loop Telecom’s licence along with 12 other