The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to entertain a plea moved by the resolution professional (RP) of Reliance Communications Limited (RCom) seeking refund of nearly Rs 580 crore from Ericsson India. Instead, he was asked to approach the Mumbai bench of National Company Law Tribunal (NCLT).
The RP of the company had approached NCLAT with a plea stating that since RCom was now under Corporate Insolvency Resolution Process, the money that it had given to Ericsson as a part of the settlement deal should now be returned to the company as Ericsson was only an operational