Loop sues govt, wants compensation for licence cancellation

May 29, 2012 18:04

Loop Telecom today took the government and Trai before the sector's tribunal TDSAT seeking refund of Rs 1,454 crore paid for 2G licence and sought Rs
1,000 crore damages for loss of reputation after its cancellation. In its petition, Loop Telecom has submitted that the Supreme Court has cancelled the UASL license issued to it by the government under its "flip flop' first-come-first-serve
policy and it had to suffer a huge loss.

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