Business Standard

Saturday, January 18, 2025 | 10:52 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

NCLAT asks RCom's RP to approach NCLT for refund of Rs 577 cr from Ericsson

Anil Ambani-led Rcom is presently going through Corporate Insolvency Resolution Process

Reliance Communication, RCom
Premium

Press Trust of India New Delhi
The NCLAT on Wednesday directed resolution professional of Reliance Communications to raise demand for Rs 577 crore paid to Swiss telecom gear maker Ericsson before the NCLT-Mumbai.

Anil Ambani-led Rcom is presently going through Corporate Insolvency Resolution Process.

A two-member National Company Law Appellate Tribunal (NCLAT) bench headed by Chairperson Justice S J Mukhopadhaya asked the Resolution Professional to file the claims before the NCLT.

"We are not inclined to take this interim Application…," said the NCLAT.

RCom has paid Rs 577 crore on the direction of the Supreme Court.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in