The Supreme Court has agreed to examine a plea by Loop Telecom and Essar Group Director Vikas Saraf, who are facing trial in a case arising out of the 2G scam probe, seeking to refer the matter to Lok Adalat for settlement.
A bench of Justices JS Khehar and Arun Mishra refused to issue notice to the parties and asked the CBI special prosecutor to argue on the issue whether the matter could be referred to Lok Adalat.
If the concerned parties do not arrive at a compromise, the matter is remanded back to the court for disposal.
Senior advocate Abhishek Manu Singhvi, appearing for LTL, had argued that the company was facing trial for the alleged offence under section 420 (cheating) read with 120-B (criminal conspiracy) and these offences are compoundable.
Singhvi said that Department of Telecom was not opposed to the settlement, but only the CBI was opposed to it.