The Emirates Telecommunications Corporation, Etisalat, has initiated legal proceedings against partners of its Indian joint venture firm, Etisalat DB Telecom India, alleging ''fraud and misrepresentation''. The move comes a day after the company said it would shut down the operations of its Indian joint venture.
The United Arab Emirates-based telecom operator has issued proceedings in the Indian Courts against Shahid Balwa and Vinod Goenka, top officials of DB Group, and Majestic Infracon Private Ltd, a DB Group company, it said in a statement.
Etisalat DB Telecom India is joint venture between India's DB Group and Etisalat, with the latter holding 45-per cent stake.
Earlier in February, India's India's Supreme Court ordered its 15 licenses to be cancelled. (See: 2G fallout: Etisalat joins STel in exiting telecom mart)
The unit has licenses for 15 circles, with 1.7 million subscribers and was ranked the 14th largest operator.
India has a total of 22 telecom operational areas and has over 15 service providers.