Uninor assets auction: Unitech moves CLB

Pass an order restraining Telenor from taking any action in pursuance of sale and transfer of the business and/or assets of Uninor in any manner, said the real estate firm in its petition.

Uninor has set a minimum price of Rs 4,000 crore for the India telecom business and said Telenor would pay Rs 4,190 crore in case no other bidder evinces interest by August 6.

Telenor wants to scrap the joint venture with Unitech and migrate its business to a new company to seek fresh operating licences as the JVs 22 telecom permits were among the 122 quashed by the Supreme Court in February.

Uninor on Wednesday had said it wanted to auction the companys business,including its assets,while it is a going concern before the September 7 deadline set by the apex court for winding up operations of all the firms whose licences had been cancelled.