You are here: Home » PTI Stories » National » News
Business Standard

SC reserves order on Ericsson's contempt plea against RCom chief Anil Ambani, others

Press Trust of India  |  New Delhi 

The Wednesday reserved its verdict on India's plea seeking contempt action against Communications Ltd (RCom) Anil and two others for non-clearance of its Rs 550-crore dues.

A bench of justices R F Nariman and Vineet Saran said it is reserving its verdict.

During the hearing, Dushyant Dave, appearing for India, said there was wilful disobedience of apex court's orders and contempt action should be initiated against them.

Mukul Rohatgi, appearing for RCom, countered the argument and said no contempt was made as no orders of the apex court were violated.

Ambani, Telecom Ltd and Infratel Ltd Chhaya Virani, were present in the courtroom.

The court had on October 23 last year asked RCom to clear the dues by December 15, 2018, saying delayed payment would attract an interest of 12 per cent per annum.

The plea by had sought that the court direct and the lenders forum to hand over the Rs 550 crore with interest from sale proceeds as per the October 23 order.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 16:01 IST
RECOMMENDED FOR YOU