SC rejects govt plea challenging tribunal refunding Rs 104 crore to RCom
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The Supreme Court on Tuesday rejected a plea that challenged a tribunal order asking the government to refund around Rs 104 crore to Reliance Communication, the defunct telecom company.
"We don't find any merits in the appeal," said a bench of justices R F Nariman and S Ravindra Bhat about the government’s plea.
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT), had on December 21, asked the government to return Rs 104 crore to the company after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.
The Department of Telecom has already adjusted Rs 30.33 crore.
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The Enforcement Directorate (ED) has uncovered "direct links" between e-commerce giants Amazon and Flipkart and their preferred sellers, The Economic Times reported on Tuesday. The central probe agency is investigating alleged violations of foreign investment laws by the companies.
According to the report, the ED quizzed the “top” five sellers of both firms and found that many of these sellers are either former employees or relatives of former associates of Amazon and Flipkart.
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