Loop Telecom Limited was granted UASL Licence for 21 service area by Department of Telecommunications in year 2008 on payment of an Entry Fee.
The Hon’ble Supreme Court of India by an order dated 02.02.2012 declared all the 122 UASLs, granted on or after 10.01.2008, including the 21 UASLs of the Loop Telecom Limited, as illegal and quashed the same.
Loop Telecom had invested Rs 2200 crores over and above the UAS Licence/ Entry fee in order to comply with its Phase i and phase ii Roll out obligations. Loop Telecom had commercially launched its services in all those circles were it got SACFA clearances, approval for lawful interception and MNP approval.
Loop Telecom had commercially launched its services in various circles namely Assam, Bihar, Gujarat, Haryana, Karnataka, Kerala, Kolkata, Maharashtra, Madhya Pradesh, North East, Orissa, Punjab, Rajasthan and UP (West).
The Khaitan Holdings Group through its various investment companies has invested directly and indirectly into Loop Telecom Ltd.
Loop Telecom Limited has also filed a Refund Petition before Telecom Dispute Settlement and Appellate Tribunal, New Delhi seeking refund of Entry fee and other expenses incurred by it.