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The Supreme Court on Monday agreed to fixed a new deadline for fresh auction of 2G spectrum licences.
The apex court has directed the Government that it should complete the auction till January 11, 2013. It also warned the Government that the court will initiate contempt proceedings if the Government failed to complete the auction process within the new deadline.
"Exemplary costs may be imposed in the event of failure to complete auction process within the deadline," the Division Bench said in its ruling.
Further, it said no court in the country would entertain any plea involving the auction of spectrum. The Supreme Court has also extended the September 7 deadline for the operation of existing licences to January 18, 2013.
In February, the apex court had directed the Government to cancel all licences issued on or after January 2008 and hold fresh auctions. The Government has sought extension twice now.
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