You are here: Home » Companies » News
Business Standard

RCom asks lenders to allow release of Rs 260 crore directly to Ericsson

RCom said it had received the sum as income tax refunds and is lying in its bank account

Reuters 

RCom, reliance communication

Reliance Communications (RCom) said on Thursday it has urged its lenders to allow release of Rs 260 crore ($36.55 million) directly to telecom equipment maker Ericsson.

said it had received the sum as income tax refunds and is lying in its bank account.

The on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications, guilty of contempt of court for wilfully failing to pay Rs 550 crore to Ericsson.

First Published: Thu, February 21 2019. 11:57 IST
RECOMMENDED FOR YOU