4 February 2019: Reliance Communications Limited spokesperson said:
1. Reliance Communications Limited (RCOM) today moved the National Company Law Appellate Tribunal (NCLAT) for withdrawal of its appeal, to pursue the resolution plan through National Company Law Tribunal (NCLT) process.
2. Accepting RCOM’s application for withdrawal of the said appeal, the NCLAT directed Ericsson to file its reply in the matter by 8 February 2019. NCLAT further listed the matter for hearing on 12 February 2019.
3. The Hon’ble NCLAT also prohibited RCOM’s Guarantors and any Third Party from invoking any guarantee, mortgate or any other instrument, without NCLAT’s or Supreme Court’s prior permission.
4. RCOM or any Third Party not to sell, transfer or alienate any of its assets (movable and immoveable), without the NCLAT’s or the Supreme Court’s permission.
Categories: General News