Tata Teleservices has moved the Supreme Court, seeking review of the judgment cancelling its 2G licences in three circles. The petition seeking review was filed nearly a month after the apex court cancelled 122 2G licences granted to nine telecom companies, including Tata Teleservices, based on the first-come-first-served policy in 22 circles.
The company earlier contended that it had applied for these licences more than 18 months before the 2008 licensing process began. The court had directed that the licences for the radio waves have to be sold through auction.
A bench of justices G S Singhvi and A K Ganguly (since retired) had also imposed a heavy cost of Rs 5 crore on Tata Teleservices, Etisalat DB Telecom Pvt Ltd (Swan Telecom Ltd) and Unitech Wireless Group.
The court had held that the companies had benefited by a “wholly arbitrary and unconstitutional” act of award of licences and for off-loading their stakes for many thousand crores in the name of fresh infusion of equity or transfer of equity.
