Telenor, Unitech plea hearing today

The Company Law Board (CLB) would hear the cross-petitions filed by Norway's telecom giant Telenor and its Indian partner Unitech over the dispute surrounding their joint venture, Uninor on Tuesday. Following the order of the CLB, a quasi-judiciary body that rules on corporate matters, Telenor and Unitech have already filed their modified petitions before the board to remove or restrain each other's representatives from Uninor. Telenor holds over 67 per cent stake in Uninor, while the rest is with Unitech.