The Supreme Court on Friday approved the settlement arrived at between Reliance Communications Ltd (RCom) and Ericsson India Pvt Ltd over a payment dispute and asked the Anil Ambani-led firm to pay Rs 5.5 billion to the company by September 30.
Ericsson India Pvt Ltd, which had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecom network, had alleged that it had not been paid the dues. A bench comprising Justices R F Nariman and Indu Malhotra perused the May 30 interim order of the National Company Law Appellate Tribunal (NCLAT) and noted ...
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