The Supreme Court of Friday threatened to cancel the license allocated to Aircel if the owner of the company Maxis owner T Ananda Krishnan and Ralph Marshal do not appear before it by January 27, 2017. Maxis is the company that had purchased shares of Aircel from C Sivasankaran.
Mr. Sivasankaran has alleged that he was coercd by the then Telecom Minister Dayanidhi Maran into selling the shares of Aircel for throwaaya prices. He then favoured Mr. T Ananda Krishnan in the takeover of the company. Mr. Maran is said to have receied bribes for his work and the bribe money was put as an investment in a company owned by the Maran family. Mr Maran’s brother Kalanithi Maran has also been chargesheeted in the case as he is also a party who has received funds from Mr. T Ananda Krishnan. The chargesheet has been filed by the CBI under Section 120 B (criminal conspiracy) of the Indian Penal Code.
The Supreme Court has directed the Department of Telecom and the Ministry of Information and Technology to come up with ways to trasfer the spectrum held by Aircel to other telecom operators in order to avoid any inconvenience to Aircel subscribers.