International tribunal dismisses claims against India in 2G licence case: Govt

NEW DELHI: The government on Monday said an international arbitration tribunal has dismissed all claims by Tenoch Holdings Limited (Cyprus) and two others against India in entirety in relation to cancellation of Letters of Intent for providing 2G telecom services.

The arbitration arose out of the cancellation of Letters of Intent for the issuance of telecommunications licences to provide 2G services in five telecommunications circles in India by reason, inter alia, of India’s essential security interests, it said in a statement.

Tenoch Holdings Limited (Cyprus), Maxim Naumchenko (Russian Federation) and Andrey Poluektov (Russian Federation) had initiated arbitration proceedings against India under the bilateral investment treaties with Cyprus and Russian Federation.