The GoM on revival of the two PSUs will meet on Friday to discuss the DoT proposals and recommendations will be placed before the Cabinet for a final decision.
The apex court asked the parties to maintain status quo on the issue till the matter is heard on April 11.
DoT has imposed a fine of about Rs 104 crore on Vodafone for allegedly violating the licence conditions on routing of calls.
The second round of auction is underway and it is expected that the auction will end by the third round.
In the previous schedule, last date for submission of application was February 22.
The court also asked the DoT to give the names of the successful bidder companies in the auction held on Nov 12 and 14, 2012.
DoT has given Airtel the option of paying Rs 1,758.07 crore this month as first installment from the total amount of Rs 5,201.24 crore.
The government is learnt to be preparing fresh plans to auction radiowaves that can fetch around Rs 39,895 crore.
Witness said four counters were set up for distribution of LoIs to firms as only four directors were available.
Sridhara's statement assumes significance as the CBI had alleged Raja had written a letter to the PM misrepresenting facts.
The companies who have lost their licences will be treated as new companies for participating in the auction.
DoT will first auction airwaves used for wireless telecom services in 1,800 Mhz band that are at present used for 2G GSM mobile telephone services.
India has decided to approach the US seeking help in taking action against offensive posts on social media websites like Twitter.
The Empowered Group of Ministers led by P Chidambaram is scheduled to meet on Friday.
The government on Tuesday agreed to issue a Presidential reference to the Supreme Court on the apex court's order cancelling 122 2G telecom licences.
DoT officials said instructions have been issued to Idea and Vodafone to provide the requisite information to IB at the earliest.
The move comes in the aftermath of the cancellation of 2G licences by the Supreme Court on February 2.
The government had said the onus of giving access to security agencies to monitor the information lies with the service providers.
The last telecom policy was unveiled over a decade ago in 1999 when India's phone subscribers base was barely a couple of million.