US firm ATC moves HC against RCom for Rs 1-bn surety over due services

The Delhi High Court will hear the matter on 22 February

American Tower Corporation has moved the Delhi High Court against Reliance Communications and its subsidiary Reliance Telecom, seeking a surety over Rs 1 billion that ATC says the two companies owe it for services provided since July to December last year, according to a report by the Economic Times. 

The ATC said RCom's responses to its demand to pay the dues were "evasive/non-committal", indicating a "malafide intent". These responses indicate ways to avoid the payment. RCom's "precarious financial position" lead the petitioner to believe that any award in favour of arbitration proceedings would remain a paper decree without any possibility