NEW DELHI:The Supreme Court on Monday issued understand to Reliance Communication (RCom) chairman Anil Ambani and others on a contempt petition filed through Ericsson India over non-payment of its dues.
Anil Ambani-led RCom agreed to deposit Rs 118 crore however Ericsson refused to just accept. Then, the top curt requested the RCom leader to deposit the amount in its registry.
The court has additionally granted four weeks time to Anil to respond on why contempt complaints be not initiated in opposition to him.
RCom on Sunday had accused Ericsson, which is an operational unsecured creditor of the company, of making an attempt media trial and sensationalising the issue of dues restoration, saying it will put hobby of even secured lenders in danger.
The telecom firm, on the other hand, mentioned it remains dedicated to transparent dues of Ericsson from spectrum realisation. However, the approval for the similar is pending with the federal government.
In a setback to embattled RCom and its Rs 15,000-crore spectrum and cellular tower handle elder brother Mukesh Ambani’s telecom challenge Reliance Jio, the federal government has refused to supply immunity to the latter from any past-payment liabilities that may rise up as soon as the transaction is finished.
The apex court has requested Ambani brothers to sit down together and resolve disputes over sale of Anil's telecom business to Mukesh. The court made it transparent that the deal will not proceed till they resolve the issues.
Mukesh-led Jio has informed the court that it can not adopt to comply with telecom regulator Trai's guidelines to take over Anil's RCom till it is given financial institution guarantee.
Anil Ambani-led RCom agreed to deposit Rs 118 crore however Ericsson refused to just accept. Then, the top curt requested the RCom leader to deposit the amount in its registry.
The court has additionally granted four weeks time to Anil to respond on why contempt complaints be not initiated in opposition to him.
RCom on Sunday had accused Ericsson, which is an operational unsecured creditor of the company, of making an attempt media trial and sensationalising the issue of dues restoration, saying it will put hobby of even secured lenders in danger.
The telecom firm, on the other hand, mentioned it remains dedicated to transparent dues of Ericsson from spectrum realisation. However, the approval for the similar is pending with the federal government.
In a setback to embattled RCom and its Rs 15,000-crore spectrum and cellular tower handle elder brother Mukesh Ambani’s telecom challenge Reliance Jio, the federal government has refused to supply immunity to the latter from any past-payment liabilities that may rise up as soon as the transaction is finished.
The apex court has requested Ambani brothers to sit down together and resolve disputes over sale of Anil's telecom business to Mukesh. The court made it transparent that the deal will not proceed till they resolve the issues.
Mukesh-led Jio has informed the court that it can not adopt to comply with telecom regulator Trai's guidelines to take over Anil's RCom till it is given financial institution guarantee.
SC seeks response from Anil Ambani on Ericsson's contempt petition
![SC seeks response from Anil Ambani on Ericsson's contempt petition]()
Reviewed by Kailash
on
January 07, 2019
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