The Supreme Court on Wednesday reserved its verdict on a contempt plea filed by Ericsson against Reliance Communication (RCom) chairman Anil Ambani.
Anil Ambani flies in private jets, has money for Rafale but no money to pay Rs 550 cr dues, asks Ericsson lawyer
Early this month, RCom decided to opt for insolvency proceedings following its failure to sell assets for paying back its lenders, the Anil Ambani-led telecom firm said.
Anil Ambani's Reliance Communications to propose same asset sale plan to NCLT; 'key elements of debt resolution plan unchanged'
Reliance Communications is learnt to be under a debt of Rs 38,000 crore excluding interest which includes Rs 19,800 crore that it owes to Indian lenders and around Rs 18,200 crore debt from foreign lenders, a source said.
Anil Ambani's Reliance Communications opts for insolvency after failure to sell assets to repay debt
The board of directors of Reliance Communication reviewed the progress of the company's debt resolution plans since the invocation of strategic debt resolution on 2 June 2017.
Dues settlement row: Reliance Communications says Ericsson attempting media trial, endangering interest of creditors
RCom said it remains committed to clear dues of Ericsson from spectrum realisation. However, the approval for the same is pending with the government
Ericsson files contempt petition in SC against RCom, seeks Anil Ambani's arrest over failure to clear Rs 550 cr debt
The Supreme Court had ordered RCom to pay Ericsson Rs 550 crore by 15 December,
European Union’s head of technology policies, Andrus Ansip, said “we have to be worried" about Huawei.
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Jio informed the DoT that it won’t be held liable for Reliance Communications’ past dues related to airwaves, according to the report.
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Supreme Court grants Reliance Communication time till 15 December to clear dues of Rs 550 crore to Ericsson
Supreme Court said that Ericsson can revive its contempt plea against Reliance if the settlement amount is not paid by 15 December