5 September 2019: Telecom equipment maker Ericsson has said Reliance Communications’ resolution professional has no right to seek a refund of Rs 576.77 crore paid to the Swedish company under the Supreme Court’s directions. “Without prejudice to our rights and… Read More ›
Ericsson
ET: Reliance Communications lenders to seek Rs 580 crore from Ericsson claiming violation of IBC
23 July 2019: Lenders to Reliance Communications (RCom) have decided to send a demand notice to Ericsson, asking the Swedish telecom equipment maker to refund the Rs 580 crore that it received from the erstwhile Anil Ambani-owned telco under a… Read More ›
BS: Doha Bank moves law tribunal, seeks stay on decisions of RCom lenders
30 May 2019: In a surprise intervention in the Reliance Communications (RCom) insolvency matter, Doha Bank, which is one of the financial creditors to RCom’s subsidiary Reliance Infratel, has moved the National Company Law Tribunal (NCLT) seeking a stay on… Read More ›
FE: Why Ericsson may be asked to return Rs 580 crore to RCom; all that happened so far, and what’s next
17 April 2019: Anil Ambani’s Reliance Communications, which recently had to pay Ericsson dues worth Rs 580 crore, saving its chairman from going to jail, may get the money back if it moves to insolvency proceedings, the NCLAT (National Company… Read More ›
BS: NCLAT seeks Anil Ambani’s response in contempt plea moved by HSBC Daisy
17 April 2019: HSBC Daisy had moved the NCLAT alleging that Anil Ambani’s companies Reliance Infratel, Reliance Communications Infrastructure and RCom have breached a consent decree by not paying the Rs 230 crore settlement amount within 180 days of June… Read More ›
BQ: NCLAT To Decide Over Insolvency Plea Of Reliance Communications
8 April 2019: The National Company Law Appellate Tribunal said it would decide on the insolvency of debt-ridden Reliance Communications Ltd. The Anil Ambani-led Reliance Group company has pleaded with the tribunal to go ahead with insolvency proceedings against it… Read More ›
BS: Anil Ambani’s stake dips to 22% in RCom; Banks sell 15.6% pledged shares
28 March 2019: Anil Ambani group’s stake in Reliance Communications fell to 21.97 per cent after its lenders — IndusInd Bank and RattanIndia Finance — invoked the shares pledged with them and sold it in the markets. The lenders invoked… Read More ›
BQ: RCom Vs Ericsson: Round Two Begins At The Supreme Court
28 March 2019: The second act in the Reliance Communications Ltd.versus Ericsson saga started in the Supreme Court today. The Anil Ambani-group company sought to withdraw its objection to the insolvency application filed by Ericsson. The Swedish telecom equipment maker, which… Read More ›
FE: Ericsson case: Supreme Court to hear RCom plea
27 March 2019: The Supreme Court will hear on Thursday Reliance Communications’ plea seeking permission to withdraw its appeal against initiation of insolvency proceedings by Ericsson India last year. A Bench led by Justice RF Nariman will also hear on Thursday… Read More ›
CNBCTV18: New twist in Ericsson-RCom feud: Swedish telecom firm may be asked to refund Rs 576 crore
22 March 2019: After initial celebrations on receipt of settlement amount from Reliance Communications (RCom), there could be fresh worries for Swedish telecom equipment supplier Ericsson in the form of potential demand for refunding from the Anil Ambani company. The Supreme… Read More ›
