SC allows RCom to deposit Rs 118 crore against Ericsson dues for now

SC, hearing a contempt petition by Ericsson against RCom's Anil Ambani, asks latter to deposit amount in the court's registry; also issue a notice to Ambani, asks RCom to respond in 4 weeks

The Supreme Court on Monday allowed Reliance Communications to deposit Rs 118 crore by way of two demand drafts for now in lieu of the Rs 550 crore dues it owes to Ericsson.

The apex court, while hearing a contempt petition moved by Ericsson against Reliance Communications' Anil Ambani, asked the latter to deposit the amount in the court's registry. It has also issued a notice to Ambani and asked RCom to respond within four weeks.

Hearing other contempt petition moved by RCom against Department