RCom taking insolvency route out of 'dishonest intention': Ericsson to SC

Ericsson also names SBI chairman in fresh contempt plea against RCom for not paying Rs 550 cr, sources say

In a fresh contempt plea moved before the Supreme Court, Ericsson India has alleged that the insolvency route taken by Anil Ambani-led Reliance Communications (RCom) has "dishonest intention" intended to frustrate the orders of the court, sources close to the development said. The Supreme Court had ordered RCom to pay Rs 550 crore to Ericsson India latest by December 15.  

The purpose of the application filed by RCom to take the company into "voluntary winding up" is to obtain a moratorium, which would prevent it from making any payments to all creditors, including Ericsson, sources said. 

RCom had on