Telecom equipment maker Ericsson in its latest petition has asked the Supreme Court to detain Anil Ambani in civil prison and be barred from travelling overseas. The company has demanded that Anil Ambani owned Reliance Communications should pay the outstanding Rs 550 crore as early as possible.
In a separate move, even RCom has initiated contempt proceedings in the apex court against the Department of Telecommunications, blaming that the Department delayed the spectrum sale which would ensure payment to the Swedish company.
Anil Ambani had given a personal guarantee in the court of Rs 550 crore to Ericsson.
Ericsson has requested the Court that unless all dues are cleared, Anil Ambani should not be allowed to travel overseas.
“The fresh application was filed because RCom and others did not comply with the SC order. We have been waiting for payments for a long time and their default is contempt of court,” said senior advocate Anil Kher representing Ericsson.
The National Company Law Tribunal (NCLT) had earlier admitted an insolvency petition against RCom, which the telco managed to stave off by chalking out an asset monetisation plan to reduce its debt of Rs 46,000 crore by Rs 18,000 crore.
RCom has second time defaulted on the payment of Ericsson. It was supposed to pay on September 30. After failing, the Supreme Court has directed Ambani to pay latest by December 15.
eGov Magazine is an initiative of Elets Techomedia Pvt Ltd existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active.
To Subscribe Free Click Here