 "Aircel (Website screenshot)")
The Supreme Court on Friday barred Aircel from transferring the ownership of its airwaves, while a corruption case centred on a past deal involving the mobile phone carrier was ongoing, potentially delaying an agreed merger.
The court, led by Chief Justice J S Khehar, also said it would ask the government to cancel Aircel’s airwave permits, if two executives at Malaysian parent Maxis Berhad did not appear at a trial court within two weeks.
The action comes as Aircel and the wireless network division of Reliance Communications work towards merging, with the resulting company shared equally between Reliance, controlled by billionaire Anil
