Answer to the Indian law, SC tells Maxis owner

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The Supreme Court on Friday said that it will not allow the merger of Reliance Communication wireless with Aircel to pay off debts unless the Maxis owner answers to the Indian law. On the last date of hearing, the court had taken strong exception to the fact that the owner of the Malaysian firm Axis, Ananda Krishnan had not honoured the summons issued by the court after the Central Bureau of Investigation had filed a chargesheet in the Aircel-Maxis scam.

The SC said that it would not allow the merger of Reliance Communication Wireless with Aircel for Rs 20,000 crore to pay off debts unless Krishnan answers to the Indian law. "He does not care for the law or the SC of this country. You people stand up and defend them," the SC told the counsel.

Answer to the Indian law, SC tells Maxis owner

"We will adopt any means to see that nobody absconds from debts of laws of this country," the bench headed by the Chief Justice of India said. The court also reiterated its January 6 order in which it said that Krishnan and 3 others charge-sheeted by the CBI must appear in court.

On January 6 the Supreme Court restrained Maxis from earning any revenue from Aircel-Maxis's 65 million mobile phone connections. "You have to appear wherever you are and cannot run away after earning revenue," the bench observed. The court said that it will not permit someone to benefit from the allotted spectrum unless he submitted to the process of the law and SC. The matter has been adjourned to Friday to permit Aircel-Maxis to file documents supporting their arguments.

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