RCom today offered an upfront payment of Rs 500 crore to its operational creditor Ericsson, which has got an insolvency order against the Anil Ambani group firm.
During the proceedings of the National Company Law Appellate Tribunal ( NCLAT), senior advocate Kapil Sibal, appearing for RCom, suggested an upfront payment.
To this, the NCLAT bench headed by Chairman Justice S J Mukhopadhaya suggested settlement between parties.
"You know the fate of operational creditors (In corporate resolution process). You may not even 5 per cent. If you want we would give you time for settlement," the bench said
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