Industry

Ericsson dues: order reserved on RCom plea

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The National Company Law Appellate Tribunal on Wednesday reserved its order on a petition by Reliance Communications which has approached the tribunal seeking the release of income tax refunds to clear dues of Ericsson.

Lenders of RCom have opposed the plea.

After hearing both the sides, the NCLAT bench headed by Chairperson S.J. Mukhopadhyay reserved the order in the case.

Senior lawyer Kapil Sibal, appearing for RCom, appealed for payment to be made to Ericsson from the trust and retention account held by SBI under which RCom’s assets have been mortgaged.

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Printable version | Jan 28, 2020 12:34:15 AM | https://www.thehindu.com/business/Industry/ericsson-dues-order-reserved-on-rcom-plea/article26524979.ece

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