Companies & Sectors
Retired High Court Chief Justice seeks Rs 9,900 cr penalty on Airtel, Vodafone, Idea
Justice B.C. Patel, a retired Chief Justice of the Delhi and the Jammu and Kashmir High Courts, has sought a penalty of Rs 9,900 crore to be imposed on Airtel, Vodafone and Idea collectively for their "gross violation" of licencing terms and conditions.
 
In a letter to Telecom Minister Manoj Sinha and Comptroller and Auditor General Shashi Kant Sharma, Justice Patel said he has been reading about the anti-competitive behaviour of incumbent telecom operators vis a vis Reliance Jio.
 
"Having studied this matter in detail, I am convinced that there is a clear case of anti-customer and anti-competitive actions being taken by these operators, which must be stopped at all cost," the letter said.
 
The letter said the operators were not providing adequate points of interconnection to Reliance Jio, resulting by in a failure of over 75 percent in terms of calls made from the new entrant's network to theirs.
 
A retired judge's recommendation is like any other citizen's plea. It has no legal basis and amounts to only an opinion, no matter how erudite. Despite several attempts, Justice Patel could not be reached for comment.
 
Calls and e-mails to Airtel, Vodafone and Idea remained unanswered.
 
Justice Patel said Airtel, Vodafone and Idea are also refusing mobile number portability to their subscribers to migrate to the network of the new entrant.
 
The retired judge -- based on a scrutiny of the various relevant clauses of the licencing agreements and quality of service parameters -- recommended a penalty of Rs 3,300 crore on each of the three operators.
 
"In my opinion, this is a clear case of continuing violation of the licence terms and even if they were to stop this now, they would still be liable for this penalty for violations already committed so far."
 
The letter also sought the amount to be submitted into a consumer welfare fund to spread awareness about their rights in this age.
 
In the past few weeks, Reliance Jio has been engaged in a pitched battle for interconnection and mobile number portability with the three incumbents.
 
Airtel Vodafone and Idea have maintained that such points have been enhanced and adequate, while Jio has said its subscribers still face as many as 12 crore call failures a day while dialing into their networks.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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COMMENTS

Dipakkumar J Shah

5 months ago

What penalty should be taken for Allowing Illegal Payment of Dividend , Out Of capital,Mere Book Entry of Profit , fake entry of profit entered in to accounts and also declared dividend by Ratnamani Engineering Limited In a case Came Up Before Him in 1994 and did not heard at all. Judgments , irrelevant to the case, Kartikey V Morgan Stanely case and other , where Kartikey was not at all Member of Morgan Stanely. Without serving notice to Company passed the order !!! What business he did ? Not at all even in Review Application heard in chamber is not found at all in Hon. High Court of Gujarat? The Order in Appeal from order was in open court was Just saying Dismissed. But when order was dictated and put on record after 20 days on record it was running in to 3 to 4 pages???What kind of Business he did can be understood.

Post Uri attack, India to review Indus Waters Treaty
Following the September 18 cross-border terror attack on an India Army camp at Uri in Jammu and Kashmir, the government on Monday decided to review the 56-year-old Indus Waters Treaty with Pakistan.
 
At a meeting of senior officials chaired by Prime Minister Narendra Modi, it was decided that an inter-ministerial commission would be set up to go into various provisions of the bilateral treaty that was signed in Karachi on September 19,1960, out of Pakistan's fear that since the source of rivers of the Indus basin are in India, it could potentially create droughts and famines in Pakistan during times of war.
 
"Blood and water cannot flow together," official sources here quoted Modi as saying during the meeting.
 
The attack at Uri claimed the lives of 18 soldiers.
 
The meeting decided to look at the full utilisation of the waters of the Indus, Chenab and Jhelum, the three western rivers of the Indus water system that flow through Jammu and Kashmir.
 
Around 95 percent of the waters of the three eastern rivers of Sutlej, Beas and Ravi is being ustilised by India.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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Misuse of Havell’s name by HPL Electric & Power which is doing an IPO?
In what could be termed as a misuse of name as promoter entity by a company doing an initial public offering (IPO), has come to the fore. Metering solutions, switchgears, lighting equipment and wires and cables maker HPL Electric & Power Ltd has just made an IPO. However, electrical goods maker Havells India Ltd had issued a caution notice about usage of ‘Havells’ brand name, by HPL Electric & Power, especially as the name of promoter companies. 
 
Havells, in an advertisement, clarifies that it is not associated or related with the two companies, Havell's Pvt Ltd and Havells Electronics Pvt Ltd, which are shown as promoters of HPL Electric & Power in the company’s IPO prospectus. "In view of the liberty granted by the Delhi High Court to Havells India in the suite number CS(OS) No.164 filed by Havells India against inter alia HPL Electric & Power, we hereby clearly state that we, as 'Havells India Ltd, our promoters and members of our promoter group are in no way connected and/or associated with HPL Electric & Power, Havell's Pvt Ltd and Havells Electronics Pvt Ltd, its directors, promoters and members of its promoter group," the electrical goods maker said in the advertisement.
 
 
Havells India owns brands like Crabtree, Sylvania, Concord, Lumiance and has 91 branches or  representative offices with over 6,500 professionals in over 50 countries.
 
Meanwhile, the IPO of HPL Electric & Power was fully subscribed on Monday. As per data available on stock exchanges, the issue received bids of about 1.06 times or 1.54 crore shares as against issue size of 1.44 crore. The company has already garned Rs108 crore from anchor investors by selling its shares at Rs202 per piece. The IPO is priced between Rs175 to Rs202 and closes on Monday.  HPL is now a listed entity. Hopefully, it will follow the many onerous compliance rules and regulations as required of listed companies.

 

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