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ERICSSON RCOM PAYMENT
Ericsson asks NCLT to dismiss RCom’s Rs 550-crore refund pleaThe telecom equipment maker has asked the tribunal to dismiss RCom’s plea with “exemplary costs”.- Resolution professional writes to Swedish company: RCom asks Ericsson to refund Rs 579.74 croreThe Anil Ambani co says the telecom gearmaker has to be treated on par with other operational creditors.
- Reliance Communications lenders to seek Rs 580 crore from Ericsson claiming violation of IBCMoney was paid by Reliance Communications to Ericsson under Supreme Court order.
- NCLAT sends RCom back to insolvencyEricsson started insolvency proceedings against RCom in 2017 over non-payment of dues of over Rs 1,500 cr.
- RCom against closing insolvency plea, Ericsson wants it withdrawnEricsson insists it should be allowed to close insolvency proceedings against RCom. RCom is resisting the move.
- Mukesh Ambani rescues Anil, pays Ericsson Rs 462 crore duesMy sincere and heartfelt thanks to my respected elder brother, Mukesh, and Nita, says Anil Ambani.
- Anil Ambani thanks elder brother Mukesh Ambani for paying Ericsson duesAnil Ambani faced a jail term of three months if the money due to Ericsson hadn't been paid by March 19.
- RCom completes payment of Rs 580 crore to Ericsson, Anil Ambani avoids jail termThe deadline for RCom to make the payment was March 19, failing which Anil Ambani would have had to serve a jail term of three months.
- BSNL to approach NCLT this week against RCom to recover Rs 700 croreBSNL has aready invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments.
- NCLAT reserves order on RCom plea to release fundsAfter hearing both the sides, the NCLAT bench headed by Chairperson S J Mukhopadhyay reserved the order in the case.
- The call Anil Ambani never got from JioThe Supreme Court had directed DoT to approve RCom’s pact to sell spectrum to Jio after a Rs 1,400 crore guarantee.
- Reliance Communications says deposited Rs 131 crore towards part payment to EricssonOn Monday, RCom said it had deposited a "partial payment of Rs 131 crore to Ericsson with the SC registry from the operational funds availa...
- RCom accuses Ericsson of ‘distorting’ facts with contempt petitionIn its statement, the telecom operator, which is struggling to repay some Rs 46,000 crore of debt, said the Swedish company’s conduct “grav...
- Can’t settle Ericsson dues of Rs 550 cr by given deadline: RCom tells SCRCom blames government for its inability as DoT has not yet cleared its spectrum sale to Jio.
- Supreme Court grants Reliance Communications till Dec 15 to pay EricssonThe court has also directed that RCom will have to pay Ericsson an additional payment, calculated at 12% per annum of the due amount for no...
- Ericsson targets RCom in SC hearing; Telco seeks 10 more days to settle duesEricsson has been pushing for an immediate payment of Rs 550 crore by Reliance Communications, which did not keep the September 30 deadline.
- Reject Reliance Communications' plea to quash insolvency proceedings: EricssonAccording to legal sources, RCom needs to complete the asset sale by August 27, otherwise it will be pushed back into insolvency again.
- RCom offers Rs 500 crore to Ericsson, NCLAT for amicable settlementThe tribunal has listed for tomorrow the hearing of interim prayer of RCom to stay the NCLT order, which has directed to start insolvency p...
- RCom, Ericsson talks hit fresh hurdle, but Anil Ambani may find an escape hatchEricsson is driving a hard bargain to recover its RCom dues. But experts said changes in the insolvency law may come to the rescue of the b...
- China Development Bank withdraws insolvency petition against Reliance CommunicationsSenior counsel Darius Khambatta said that since RCom’s asset monetisation plan is upto March 2018, CDB is accommodating for the benefit of ...
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