LOOP TELECOM
Explained: Is JioCoin India's new cryptocurrency or just a reward token?
JioCoin, developed by Reliance Jio, is more akin to a digital loyalty program than a traditional cryptocurrency. Integrated within Jio's services, it rewards users for engaging with its ecosystem and is built on the Polygon blockchain. Regulatory scrutiny and expectations are high for its impending official announcement.
2G case: Supreme Court denies entry fee refund, damages to loop telecom
A bench led by Justice DY Chandrachud said it was "pari delicto (in equal fault or wrong)" with the Department of Telecommunications and the then officials of the union government and was a "beneficiary of the first-come first-served policy intended to favour a group of private bidding entities at the cost of the public exchequer".
Loop telecom likely to restart process seeking damages
Arbitration proceedings started overseas by Loop Telecom’s top investor seeking damages of about $1.5 billion and a case filed in a local tribunal may be revived, a source told ET.
Loop Mobile, Loop Tele owe Rs 808 crore to govt: DoT
The government has estimated that Khaitan Group's telecom companies Loop Mobile and Loop Telecom owe about Rs 808 crore in spectrum and other charges to the DoT, which is likely to start recovery proceedings soon.
2G: Essar Group, Loop Telecom promoters' to answer 645 queries
Promoters of Essar Group and Loop Telecom, facing trial in 2G spectrum allocation scam, will have to face 645 questions of a Delhi court.
Court dismisses Loop Telecom's plea for settlement in 2G scam-related probe
The court had fixed the matter for orders after hearing the arguments of Loop Telecom, CBI and Department of Telecommunication (DoT) on the issue.
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2G spectrum scam: Loop Telecom moves court for compounding the case
Loop Telecom is first among the accused in the 2G scam to approach the court to settle the case.Special Judge OP Saini will hear the matter on December 17.
2G spectrum scam: Loop Telecom seeks out of court settlement with government
Loop said in a statement that it "would send out a message to the global investor community that India is not interested in needless litigation".
TDSAT directs DoT to return bank guarantee submitted by Loop
TDSAT has directed the government to return the Financial Bank Guarantee (FBG) submitted by the Loop Telecom in 2006 for its NLD licence and asked it to pay Rs 50,000 as litigation cost to the operator.
2G scam: Essar Power stood as loan guarantor for Loop Telecom, says witness
A prosecution witness today told a Delhi court that Essar Power Ltd stood as a guarantor to an SBI loan for Loop Telecom Pvt Ltd.
Give time to Loop Telecom to clear dues: TDSAT to BSNL
TDSAT has directed BSNL to give at least a week's time to Loop Telecom to clear dues before encashing its bank guarantee.
Telecom licences: Loop Telecom seeks 4,700 crore in refund, damages
Loop Telecom moved the telecoms tribunal, seeking refund of entry fee paid for acquiring telecoms licences, release of performance bank guarantees and damages for tarnishing reputation, totalling over 4,700 cr from the govt.
'Loop Tele not an Essar front'
Loop Telecom promoters, IP Khaitan and Kiran Khaitan sought bail from a Delhi court and added that Khaitan's was not a 'benami' company of Essar Group, as was being alleged by the probe agency.
Essar Teleholdings, Loop Telecom deny cheating charges
Promoters of Essar Teleholdings and Loop Telecom Monday told a Delhi court that the probe agency's claim of the promoters having conspired to cheat the government was false.
Loop Telecom investors serve notice to government
Mauritius-based investors in Loop Telecom, besides Sistema and Telenor, have slapped government notices under bilateral investment protection treaties.
2G case: Loop Telecom to close operations in India except Mumbai
Loop, whose 2G licences were among the 122 cancelled by the SC, has started process to issue job termination notice to all its employees.
Loop telecom to shut operations outside Mumbai
Loop Telecom, whose mobile phone permits were cancelled by the Supreme Court, has decided to shut down operations across the country except Mumbai, the company said.
2G case: Court respite for promoters of Essar Teleholdings and Loop Telecom
A Delhi court exempted promoters of Essar Teleholdings and Loop Telecom from appearing before it on Wed, but asked to be present on Mar 17.
2G scam: 'Essar controlled Loop Telecom during licensing'
Three former top Essar functionaries have said that the group controlled Loop Telecom when it applied for 2G licence.
Loop Telecom blames DoT for roll-out services delay
Loop Telecom has attributed the delay to 'uncertainties in the telecom sector' that has created 'doubts about continuity of licence agreement.
Essar holds less than 10% in Loop Telecom: Murli Deora
Ministry of corporate affairs has maintained that Essar held less than 10% stake in Loop Telecom at the time of award of 2G licence in 2008.
Essar Group holding less than 10 pc in Loop Telecom: Murli Deora
The clarification comes in wake of the CBI claims that Essar Group had over 10 per cent stake in the Loop Telecom at the time of award of the 2G spectrum licence.
Loop Telecom tries to stay out of CBI chargesheet
Loop Telecom has cited a fresh document from the ministry of corporate affairs that certifies that the Ruias of Essar Group held a little over 2% stake in the telecom firm that is accused of having benefitted under former telecom minister A Raja.
Ministry of Corp Affairs contradicts 2009 report on Loop Telecom
The Ministry of Corp Affairs has told DoT that Loop Telecom was not an 'associate' of Essar Group, contradicting its earlier report of 2009.
A Raja thwarted probe into Loop Telecom: CBI to JPC
CBI told the Joint Parliamentary Committee that the top brass of the communications ministry under former minister A Raja had thwarted attempts to probe the ownership of Loop Telecom.
2G scam: Dubai-based industrialist IP Khaitan questioned by CBI for alleged interests in Loop Telecom
IP Khaitan, was grilled by the sleuths for about eight hours in connection with ownership patterns in Loop Telecom.
Loop Telecom to get showcause notice for violating norms
It also lists the different companies as well as the financial transactions between Essar Group and Loop Telecom to substantiate its findings.
Loop Telecom says it is in compliance with all licence terms
Loop Telecom, which is under the scanner in the 2G spectrum allocation scam, today said the company is in compliance with all terms and conditions of the Unified Access Services (UAS) license.
Loop Telecom offers to auction its 2G spectrum
Loop Telecom asks for permission to re-bid or get refund of Rs 1,454 cr it paid for license.
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