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ERICSSON ANIL AMBANI
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”.- 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.
- Ericsson may have to refund Rs 550 cr to RCom if insolvency proceedings revived: NCLATAn observation by a two-member NCLAT bench threatens to turn the clock back on Ericsson.
- Ericsson moves Supreme Court to end insolvency case against Reliance CommunicationsThis development comes a week after Reliance Industries’ chairman Mukesh Ambani saved his younger brother, Anil, from imprisonment.
- Reliance Communications shares surge 10% after brother’s bailoutThe funds provided to clear the dues – some Rs 480 crore – were a grant and not a loan, people familiar with the matter told ET.
- 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.
- How did it go this bad for Anil Ambani? The unmaking of a billionaireAnil Ambani has been told to pay Ericsson Rs 453 crore by Tuesday or face jail.
- 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.
- RCom requests "urgent approval" from lenders to release Rs 260 crore for payment of Ericsson duesThe company said it is confident of raising balance Rs 200 crore within four weeks to pay back dues to Ericsson according to apex court ord...
- 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.
- Anil Ambani will go to jail unless Reliance Communications pays up: Supreme CourtFailure to clear Ericsson dues within four weeks will result in 3-month jail for telco's chairman.
- SC to pronounce order on Ericsson's contempt plea against RCom chief Anil Ambani, othersThe contempt plea has been filed against Ambani, Reliance Telecom chairman Satish Seth, Reliance Infratel chairperson Chhaya Virani and SBI...
- Anil Ambani has money for Rafale, not for us: EricssonSwedish telecom company Ericsson rejected the industrialist's plea of fund crunch as an excuse claiming that his group had made enough prof...
- 'I am now nobody. It is all over. It is not in my hands now'The court had on October 23 last year asked RCom to clear the dues by December 15, 2018, saying delayed payment would attract an interest o...
- Anil Ambani to appear in Supreme Court today in three contempt cases filed by EricssonAnil last appeared in court over the 2G case in 2013 and in 2009 for Krishna-Godavari gas case.
- From glory to dust: An Ambani brand's journey to bankruptcySectoral stresses such as price wars and heavy debt that crippled telecom sector also took their toll on RCom.
- 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...
- Rafale deal: Rahul Gandhi seeks probe against PM Modi for corruption, weakening national securityGandhi cited a media report on Swedish Telecom major Ericsson filing a contempt plea in the Supreme Court against Reliance Communications c...
- Ericsson to again move court against Anil Ambani as RCom fails to pay upAmbani had given a personal guarantee in the apex court, backing a timely payment to Ericsson.
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