Dubai-based Khaitan Holdings, which had a substantial stake in Loop Telecom, is among the first foreign investors in telecom that are considering moving the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) as well as going in for international arbitration against the government on account of their licenses getting canceled. The move comes just a few days after a special court acquitted its promoters, I P and Kiran Khaitan, of criminal charges in the 2G scam. The Ruias of the Essar group were minority stakeholders in the telco.
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