Taking a step to bearing its all losses due to cancellation of 2G licences, Loop Telecom on Tuesday approached the telecom sector‘s tribunal TDSAT, seeking refund of total 4,700 crore from the government and TRAI regulator.
The refunded amount includes Rs. 1,454 crore as entry fee paid while in 2008 obtaining 21 telecom licence issued by former telecoms minister A Raja.
In its plea to TDSAT, the telecom appealed that the Supreme Court had cancelled all its the UASL license as illegal on February 2 this year issued by the government in 2008 under its “flip flop’ first-come-first-serve policy.
Due to having much loss, the company demanded “compensation of Rs. 1,000 crore for loss of reputation” along with 12 % interest, also for discharge of its performance bank guarantees.
“The reason for quashing the first-come-first-serve policy, the UASLs and the subsequent allocation of the spectrum are wholly and absolutely attributable to the acts and omissions of the respondent and as a direct proximate result thereof, the petitioner has suffered huge losses and damages,” Loop filed in petition.
On basis of Loop appeal against the government, and not a single minister, the Telecom Disputes Settlement and Appellate Tribunal issued notices to the communications ministry, the Department of Telecom (DoT) and sector regulator Trai on Monday.
The tribunal headed by Justice SB Sinha issued notice by saying that all must have to submit their reply within four weeks and set July 17 as date for next hearing.
