SC orders status quo on DoT’s claim in Bharti Airtel-Tikona merger for 15 days
NEW DELHI: The Supreme Court on Monday ordered status quo for 15 days on the telecom department’s demand of ₹1,627 crore for allowing the merger of Bharti Airtel with Tikona Wireless. The apex court asked both parties to approach TDSAT for hearing of review petition.
The court said, “We are giving no opinion on merits. Go to TDSAT.”
The central government on 3 July moved the Supreme Court against the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) order that stayed the Department of Telecommunications’ (DoT’s) demand.