Supreme Court to hear Sistema appeal on Jan 10
NEW DELHI (Reuters) - An appeal by Russian conglomerate Sistema's(SSAq.L) Indian mobile phone unit challenging a Supreme Court order last year to revoke its cellular permits awarded in a scandal-tainted sale is due to come up for hearing on Thursday, the court's website showed.
Sistema Shyam TeleServices Ltd, which will have to shut down by January 18 its services in all but one of India's 22 telecommunications zones as a result of the court order, had last year filed a "curative" petition after the court dismissed its plea seeking review of the order.
Indian laws allow a "curative" petition, or further appeal, even after a review plea is dismissed. This petition is heard by three top Supreme Court judges.
(Reporting by Devidutta Tripathy)
- Tweet this
- Share this
- Digg this
- UPDATE 3-Judge allows $2 bln sale of NBA's Los Angeles Clippers to proceed
- Israel warns of long Gaza war as Palestinian fighters cross border
- UPDATE 6-Dollar Tree to buy Family Dollar to stave off competition
- Cricket - Moeen probed after sporting 'Save Gaza' wristbands
- UPDATE 5-Property website Zillow to buy rival Trulia to cut costs
Indian conglomerate Larsen & Toubro said on Monday revenue totalled 191.23 billion Indian rupees ($3.2 billion) in the first quarter, beating analyst forecasts, after a rise in orders from international clients. Full Article