 "Reliance Communications")
The Supreme Court on Thursday provided partial relief to Anil Ambani-led Reliance Communications (RCom) when it lifted a stay on asset sales of the company.
The Bench presided over by Justice A K Goel passed the order on the cross appeals moved by RCom and the consortium of 24 banks, led by State Bank of India, against the National Company Law Tribunal (NCLT) order staying the sale of all assets of the debt-ridden telecom company.
“The Supreme Court today (on Thursday) lifted the stay granted in favour of Ericsson by the Bombay High Court, in relation to asset sales by RCOM. The
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