The Delhi High Court has announced that six licences of Spice Communications, which Idea Cellular had acquired in 2008, would not be transferred to the latter, as the company had failed to comply with relevant licence and merger norms. The court also imposed a penalty of Rs.1 crore on Idea for not furnishing correct information to the court. Passing the judgment on the merger application of Idea and Spice, the High Court noted that Idea had not put on record the rejection letters by the Department of Telecom (DoT) on merger of licences and also did not adduce other relevant documents.
"It is directed that notwithstanding anything stated in the sanctioned scheme and in the order dated February 5, 2010, the six overlapping licences of the Spice would not stand transferred or vested with Idea till prior permission of DoT is obtained," the High Court said .
