Telephone Tower

DoT May Re-impose Rs 1,000-crore Fine on Loop Telecom

Comments Off on DoT May Re-impose Rs 1,000-crore Fine on Loop Telecom 8

The telecom department may re-impose aRs 1,000-crore fine on Loop Telecom for abruptly disconnecting services to subscribers across 21 circles, after the Central Bureau of Investigation’s view that the fine notice will not hurt its probe into the ownership of the company as part of the wider 2G case.

The telecom department (DoT) had previously decided against slapping the penalty on the premise that it could amount to a contempt of the court. However, according to a copy of document accessed by the paper, CBI has sent an opinion that slapping a penalty on the company for violating the ownership clause based on the probe agency’s investigation does not prima facie appear to impact the proceedings in the special trial court. DoT has now sought legal opinion on whether it may issue a show cause notice to Loop for imposing a financial penalty of Rs 50 crore for each of the 21 service areas. Original post at ET Telecom

Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand


Similar articles

Get in Touch

Phone: +91 80 4093 6921