NCLAT: Consideration of Debt Restructuring by Lenders Doesn’t Bar Member from Initiating Proceedings  ||  Delhi High Court: In Matters of Medical Evaluation, Courts Should Exercise Restraint  ||  Delhi HC: Any Person in India Has Right to Legally Import Goods from Abroad and Sell the Same  ||  Delhi HC: Waiver to Section 12(5) of Arbitration Act to be Given Once Tribunal is Constituted  ||  Supreme Court Has Asked States to Regularise Existing Court Managers  ||  SC: Union & States to Create Special POSCO Courts on Top Priority  ||  SC Upholds Authority of CERC to Award Compensation for Delays  ||  SC: Arbitral Tribunal Has Discretion to Include in Sum Awarded, Interest at Rate as it Deems Reasonab  ||  SC: Cannot Use Article 142 to Frame Guidelines on Judicial Recusal  ||  SC: Satisfaction Recorder in One EP Won’t Affect Subsequent EPs for Future Breaches    

Centre for Public Interest Litigation v. Union of India and others - (Supreme Court) (08 Apr 2016)

Reliance Jio’s 4G licence saved on ‘commercial realities’

Media and Communication

The Supreme Court dismissed a petition against the grant of a 4G licence to Reliance Jio Infocomm Limited for being grossly undervalued. The challenge was premised on the government having had sold spectrum for Rs. 1658 crore whereas a Comptroller and Auditor General report had valued it nearly 15 times higher. The Report had also recorded that licence fee was based on 2001 figures, though in the intervening 10 years market conditions had changed dramatically. The court declined interfering with government’s decision, mindful that “various policy decisions are taken at a point of time considering various technological options, policy objectives and regulatory framework’. Since 1998, it noted, call charges had fallen drastically and telecom penetration in the country itself was unfathomable over a decade ago. Also, the licence granted by the Ministry was of much lesser value than the spectrum itself.

Relevant : Centre for Public Interest Litigation and Ors. v. Union of India (UOI) and Ors. MANU/SC/0089/2012 Jal Mahal Resorts P. Ltd. vs. K.P. Sharma and Ors. MANU/SC/0467/2014 M.P. Oil Extraction and Anr. vs. State of M.P. and Ors. MANU/SC/1302/1997

Tags : RELIANCE JIO   4G LICENCE   AUCTION   POLICY  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved