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Ericsson will have to refund Rs 550 cr if RCom insolvency proceeds: NCLAT

Appellate tribunal's observations came during a hearing on RCom to initiate insolvency against self

Reliance Communications
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RCom has urged the court that the insolvency petition against it should now be allowed to restart since it had purged the top court's contempt by paying Rs 453 crore to Ericsson

New Delhi
3 min read Last Updated : Apr 9 2019 | 2:01 AM IST
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Ericsson India Private Limited will have to refund the entire amount of Rs 550 crore it got from Reliance Communications Limited (RCom) if the stay placed by the National Company

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First Published: Apr 8 2019 | 8:13 PM IST

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