Business Standard

HC asks Unitech to file written submission

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Press Trust of India New Delhi

Justice Rajiv Shakdher asked Unitech Wireless to file within two weeks a short affidavit on the 'maintainability' of the Norwegian telecon giant Telenor's plea, in view of the fact that the arbitration proceedings between the firms are pending at Singapore International Arbitration Centre (SIAC).

The court also asked Telenor to file its rejoinder on the affidavit within two weeks and posted the matter for further hearing on October 4.

The court was hearing a plea file by Telenor challenging the CLB's April 12 order to it to settle its dispute with its joint venture partner in India, Unitech, at the SIAC.

 

In its plea, Telenor had sought the court to quash the CLB order and direct it to adjudicate the matter in a time bound manner prior to the date of auction.

In the joint venture company Uninor, the Norwegian firm Telenor owns 67.25 percent stake while the remaining 37.75 percent stake is held by Unitech.

The dispute between the two companies escalated after the Supreme Court in February this year scrapped 122 2G licences allotted during the tenure of A Raja as the telecom minister. The scrapped licences included 22 pan India licences allotted to Uninor.

  

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First Published: Sep 05 2012 | 8:25 PM IST

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