SC seeks response from Anil Ambani on Ericsson’s contempt petition
Team Udayavani, Jan 7, 2019, 7:02 AM IST
New Delhi: The Supreme Court on Monday issued notice to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues.
A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks. Appearing for R Com, senior Advocates Kapil Sibal and Mukul Rohatgi asked the court to accept Rs 118 crore towards outstanding dues to Ericsson India to establish its bonafide.
The counsel appearing for Ericsson, however, refused to accept the amount and said the entire outstanding sum of Rs 550 crore should be deposited. The bench then directed R Com to deposit a demand draft of Rs 118 crore in the registry.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Fitch affirms ratings of Axis Bank, ICICI Bank on supporting operating environment
Air India Express to curtail flights amid cabin crew shortage
India received over $111 billion in remittances in 2022, first country to ever reach that figure: UN
Sebi rejects NSE’s proposal to extend trading hours
NSE to conduct special trading session on May 18 to test preparedness for disruption
MUST WATCH
Latest Additions
Boeing plane carrying 85 people catches fire and skids off the runway in Senegal, injuring 10
NRI gives supari to abduct Kadri Kambala resident over unpaid loan; two held
Belthangady: K Vasantha Bangera cremated with state honours
Verdict by Pune court in Narendra Dabholkar murder case likely on Friday
LS Polls 2024: EC flags over 3,600 polling stations as critical for 4th phase polls in Bengal