SC Cancels 122 licenses for mobile networks issued during A Raja’s tenure as Telecom Minister

The Supreme Court has cancelled 122 licenses for mobile networks issued during A Raja’s tenure as Telecom Minister and has asked the telecom regulator TRAI to make fresh recommendations on allotment of the licenses through auction within four months. In a second crucial verdict, the court refused to order an investigation into the role of Home Minister P Chidambaram in the telecom scam, asking a CBI trial court to decide on this instead within two weeks. DOWNLOAD FULL TEXT OF THE JUDGEMENT The verdicts will have huge impact on both business and politics. The BJP says today’s verd...