SC warns of spectrum re-auction if summons are not answered

Despite relief to the Maran brothers in the Aircel-Maxis deal case from the CBI special court, Maxis shareholders Ananth Krishnan, Ralph Marshall and two other companies have been pulled up by the Supreme Court for no response on the summons.

Four accused including two companies were named in the chargesheet by CBI and have repeatedly refused to appear before the special court. The Centre had also published advertisements about the Supreme Court warning in two leading newspapers of Malaysia that the license may stand cancelled.

In a lengthy hearing today before the bench headed by CJI Khehar, the top court warned Aircel, represented by Abhishek Manu Singhvi, that the spectrum of Aircel, which is being proposed for transfer to Reliance, will be auctioned off. Maxis currently holds over 99 per cent stake in Aircel according to the CAG report.