Individuals can be tried without being named as accused: SC

Jan 10, 2014, 10.04 PM IST

This development is likely to have serious repercussions for Airtel's Sunil Mittal and Essar's Ravi Ruia who have been named in the additional spectrum case.

Tags  Bharti Airtel, Essar Teleholdings, Ravi Ruia, Sunil Mittal, 2G case, spectrum case

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Individuals can be tried without being named as accused: SC

This development is likely to have serious repercussions for Airtel's Sunil Mittal and Essar's Ravi Ruia who have been named in the additional spectrum case.

Like this story, share it with millions of investors on M3

Individuals can be tried without being named as accused: SC

This development is likely to have serious repercussions for Airtel's Sunil Mittal and Essar's Ravi Ruia who have been named in the additional spectrum case.

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The Supreme Court today stated that a person can be tried even if he or she is not named an accused or even if his/her name is not in a chargesheet. The only criteria for trying the person is if there is any evidence against them.

This development is likely to have serious repercussions for Airtel 's Sunil Mittal and Essar 's Ravi Ruia who have been named in the additional spectrum case.

Also read: MTNL shares gain on 4G spectrum refund

While both Mittal and Ruia have challenged the summons issued to them in the 2G case, this judgment could open up chances of their trial if there is evidence against them.

Bharti Airtel stock price

On January 10, 2014, Bharti Airtel closed at Rs 330.60, up Rs 1.40, or 0.43 percent. The 52-week high of the share was Rs 373.50 and the 52-week low was Rs 266.95.

The company's trailing 12-month (TTM) EPS was at Rs 11.45 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 28.87. The latest book value of the company is Rs 135.70 per share. At current value, the price-to-book value of the company is 2.44.

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