 "NCLT, IBC")
The National Company Law Tribunal (NCLT) here has reserved its order on the insolvency proceedings initiated by Ericsson India against three telecommunications companies led by Anil Ambani.
Ericsson India has filed petitions against Reliance Communications (RComm), Reliance Infratel and Reliance Telecom, respectively, with the total claims against the three firms at Rs 9.8 billion.
Senior counsel U K Choudhary on behalf of RComm told the Bench of judges B S V Prakash Kumar and Duraiswamy pointed out that Ericsson's legal representatives had made a major discrepancy in declaring of dues.
“The petitioners cannot combine the dues of the three corporate
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