Anil Ambani and RCom Officials Appears Before SC in Contempt Plea by Ericsson; Hearing Deferred till Tomorrow



Anil Ambani and RCom Officials Appears Before SC in Contempt Plea by Ericsson; Hearing Deferred till Tomorrow

Anil Ambani, Chairman of Reliance Communications, and three other officials of the company today registered their appearance before the bench of Justice R F Nariman and Justice Vineet Saran in the Supreme Court in compliance to the Court's notice pertaining to the contempt petitions filed Swedish company Ericsson over non-payment of its dues.

The Court, however, deferred the matter till tomorrow. Apparently, Mr Ambani and other officials of RCom will have to appear tomorrow also.

As per the facts, on January 4, Ericsson, the Swedish telecom equipment company, initiated a  contempt petition before the Supreme Court of India, against Anil Ambani and Reliance Communication for alleged violation of orders passed by the Supreme Court dated August 3 and October 23 respectively, in which it ordered payment of outstanding Rs. 550 crores to be made on or before September 30. The Court likewise, in order to facilitate a successful transaction, also permitted the sale of assets by the defaulter group.

Subsequently, upon request, Reliance was given further extension to facilitate the payment. Thereby, on October 23, the Court granted “last opportunity” to complete the payment of Rs. 550 crores along with interest before December 15, 2018.

Swedish telecom equipment company has alleged that RCom has wilfully acted against the order dated August 3 of the top court and the undertaking given before it to pay up by September-end.

In January, the counsels appearing on behalf of R Com, urged the Court to accept an amount of Rs. 118 crores towards outstanding dues to Ericsson India. Such request was made by R Com in order to establish its authenticity against the apprehensions raised by the Ericsson.

However, the Ericsson declined to accept the aforesaid amount and asked for the entire outstanding sum of Rs. 550 crore.

Dushyant Dave, representing Ericsson, claimed that RCom, despite receiving Rs.3000 crores after selling its assets, failed to keep its commitment before the Supreme Court.

 

 

Anil Ambani
Contempt Petition
Ericsson
Reliance Communication

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