SC issues notice to Anil Ambani over RCom Ericsson dues
- 5 years ago
The Supreme Court on Monday issued notice to Anil Ambani on a plea by Ericsson India Pvt. Ltd seeking initiation of contempt proceedings against the chairman of Reliance Communication Ltd (RCom) for allegedly not complying with its order to clear dues of Rs 550 crore towards the completion of the asset sale with Reliance Jio Infocomm Ltd.
Ericsson had also sought that the Ambani be “detained in civil prison” unless the payment is made.
A bench headed by Justice R.F. Nariman also allowed RCom to deposit Rs 118 crore towards its dues with the Supreme Court registry. RCom had offered to pay the amount by way of two demand drafts.
The court also highlighted the need for RCom and Reliance Jio to sit together and resolve the issue over past dues. “Sit down and resolve this between yourselves, it is not for us. Till you don’t resolve between yourself, we can’t do anything,” Justice Nariman said.
Ericsson had also sought that the Ambani be “detained in civil prison” unless the payment is made.
A bench headed by Justice R.F. Nariman also allowed RCom to deposit Rs 118 crore towards its dues with the Supreme Court registry. RCom had offered to pay the amount by way of two demand drafts.
The court also highlighted the need for RCom and Reliance Jio to sit together and resolve the issue over past dues. “Sit down and resolve this between yourselves, it is not for us. Till you don’t resolve between yourself, we can’t do anything,” Justice Nariman said.