No contempt in non-payment of Ericsson's dues: RCom

Image
IANS New Delhi
Last Updated : Feb 12 2019 | 9:50 PM IST

Reliance Communications (RCom) on Tuesday submitted to the Supreme Court that the company has not committed any contempt in not paying around Rs 550 crore outstanding dues of Ericsson.

RCom Chairman Anil Ambani was present in the court when his lawyer Mukul Rohatgi said this to the division bench, comprising Justice Rohinton Fali Nariman and Justice Vineet Saran, in response to a contempt plea filed by Ericsson contending that RCom breached the apex court orders asking it to pay.

It was referring to August 3 and October 23, 2018 directions by the top court to RCom to clear Ericsson's dues.

The court asked Ambani, present in the court in pursuance of the contempt plea, to remain present during the hearing on Wednesday as the matter remained inconclusive.

Rohatgi said dues of Ericsson could not be cleared because RCom's deal with Reliance Jio for the sale of spectrum fell through.

However, senior counsel Dushyant Dave, appearing for Ericsson, alleged that Ambani has committed perjury and contempt. He submitted that RCom got Rs 2,000 crore and Rs 3,000 crore from the sale of assets to others and the same was held back from the court.

Meeting the contention by Ericsson on RCom receiving the money and the court being not informed of it, Rohatgi said the money has not been received yet.

--IANS

pk/vsc/pcj

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 12 2019 | 9:32 PM IST

Next Story