Advocate Vijay Aggarwal, appearing for the firm, contended that till now leave to appeal is not granted to ED and CBI, challenging the trial court's verdict and if its allowed, the appeals will take several years to be decided

Unless there's a big miracle waiting to happen, the 2G case will unlikely come to an end at least in the lifetimes of those who are part of this alleged scam.

Here's a look at the impact that these two events will have on his fortunes, and his game plan for the future.

The 2G technology is slowly rolling into oblivion as 3G and 4G take over. It is doubtful if any of the companies which won the 122 licences would have been able to survive the battle that is taking place now after Jio's entry

The 2G scam verdict has got people thinking: whether it was a botch up on part of the investigating agency or was it an accurate verdict from the CBI Special Court? Join Business Today Editor Prosenjit Datta, BusinessToday.in Editor Rajeev Dubey and Associate Editor Manu Kaushik as they dissect the decision on 2G spectrum scam.

The Central Bureau of Investigation (CBI) court on December 21, 2017 gave clean chit to all accused, including the then telecom minister A Raja, in 2G spectrum allocation case of 2008.

Why the scam will continue to make headlines

The experts believe that operators like Loop Telecom, Russian conglomerate Sistema and Telenor may relook their strategy to recover losses they have incurred due to the flawed procedures followed by the department of telecom (DoT).

The Special Judge put the blame on the CBI and ED by saying that they failed to prove charges against the accused in the infamous 2G case.

ONGC (2.93%), Infosys (1.61%), Bajaj Auto (1.60%), TCS (1.54%) top Sensex gainers. Market breadth was positive with 1,574 stocks closing higher against 1169 ending lower on BSE.

In 2010, then Comptroller and Auditor General (CAG) Vinod Rai in a report had held Raja responsible for causing the state exchequer a loss of Rs 1,76,379 crore by allocating 2G spectrum licenses at throwaway prices.

Subramanian Swamy today said the case was sabotaged by insiders and the government should immediately appeal in the high court against acquittal of all the accused.