WION Web Team New Delhi, Delhi, India
Jan 07, 2019, 11.59 AM
The Supreme Court of India on Monday issued a notice to Reliance Communications chairman Anil Ambani and others on a contempt petition filed by Ericsson.
According to reports, the contempt petition has been filed because of non-payment of dues.
A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks. It is reported that Ericsson India Pvt Ltd has moved a contempt plea against Anil Ambani's RCom for allegedly not complying with the top court's order to clear dues of Rs 550 crore.
SC issues notice seeking a reply within 4 weeks from Reliance Communication Ltd. (RCom),Anil Ambani on a contempt plea filed by Ericsson India Pvt Ltd, for allegedly not complying with SC's order to clear dues of Rs 550 crore. RCom offers to deposit Rs 118 crore with SC registry
Appearing for R Com, senior Advocates Kapil Sibal and Mukul Rohatgi asked the court to accept Rs 118 crore towards outstanding dues to Ericsson India to establish its bonafide, news agency PTI reported.
The counsel appearing for Ericsson, however, refused to accept the amount and said the entire outstanding sum of Rs 550 crore should be deposited.
The bench then directed R Com to deposit a demand draft of Rs 118 crore in the registry.
On Sunday, telecom company Reliance Communications Ltd (RCom) said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from the proceeds of its sale of wireless assets to Reliance Jio Infocomm Ltd, news agency Reuters reported.
"RCom has taken all required steps towards enabling the settlement and remains fully committed to making the payment to Ericsson from the proceeds of the spectrum sale," it said in a clarification filed to the exchanges on Sunday.
The transaction was key to the debt-laden telecom operator's restructuring plan, announced in May 2018, which entailed the sale of telecom assets such as towers and airwaves to Jio.
The plan to sell the assets had followed a settlement with telecom gearmaker Ericsson for partial payment of dues owed by RCom to the Swedish company.
(With inputs from agencies)
The apex court has demanded a reply within four weeks from Anil Ambani's RCom.