In Stern Warning To Aircel, Supreme Court Says Spectrum Can Be Cancelled | Read

PUBLISHED ON: January 6, 2017 | Duration: 1 min, 43 sec

   
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Airwaves granted to telecom operator Aircel could be cancelled if two executives at Malaysian parent Maxis Bhd do not appear at a trial court, the Supreme Court warned on Friday. The court, led by Chief Justice JS Khehar, also barred Aircel from transferring the ownership of its airwaves while a corruption case centred on a past deal involving the mobile phone carrier was under trial, potentially delaying an agreed merger. The court has given the company two weeks to respond.
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