RITL moves TDSAT to recover Rs 1,200 cr from Etisalat DB
Press Trust of India / New Delhi Feb 22, 2012, 20:47 IST
Anil Ambani group firm Reliance Infratel (RITL) today approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), seeking to recover Rs 1,200 crore from Etisalat DB which had taken its telecom infrastructure on lease.
The matter will come up for hearing tomorrow before the TDSAT bench, headed by its Chairman Justice SB Sinha.
In 2009, Etisalat DB had entered into 10-year pact with RITL - a subsidiary of RCom - for leasing infrastructure to provide GSM services after getting 2G spectrum.
However, the ADAG firm disconnected Etisalat in January following non-payment of dues.
Etisalat DB is a joint venture between Etisalat of United Arab Emirates and Dynamix Balwas Group of India. The JV had telecom services license to operate in 15 circles.
Earlier this month, the UAE-based firm said that it has written off $827 million value of its Indian operations, by way of an impairment charge, after the Supreme Court cancelled 122 2G licences, including that of Etisalat DB.
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Anil Ambani group firm Reliance Infratel (RITL) today approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), seeking to recover Rs 1,200 crore from Etisalat DB which had taken its telecom infrastructure on lease.
