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Insolvency: RCom, Ericsson India likely to settle dispute outside NCLT

Ericsson had filed a petition with the NCLT

Anil Ambani

Even as the National Company Law Tribunal (NCLT) has admitted the petition for insolvency, Reliance Communications (RCom) is in talks with Ericsson India for a settlement of the dispute to pay Rs 11.5 billion to the latter, said sources.  RCom in its reply to queries from the stock exchanges on the possible settlement with Ericsson said, “Appropriate disclosures will be made in accordance with applicable regulations, as and when any disclosable event occurs.”  An Ericsson spokesperson said, “We would not like to comment on market ...