 "Reliance Communication, RCom")
Reliance Communications (RCom) — the Anil Ambani-led and debt-ridden telecom entity, now turned a real estate one — has criticised one of its creditors, Ericsson, for “sensationalising” the former’s debt issues.
According to reports, Ericsson India on Friday had moved the Supreme Court (SC) for initiating contempt proceedings for a second time against Ambani, chairman of RCom. This was for allegedly not complying with an earlier order to clear dues of Rs 550 crore. “An operational unsecured creditor is attempting a trial by media and sensationalising issues, as evidenced in recent media reports,” said an RCom spokesperson.
Ericsson India signed a seven-year
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