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Ericsson moves Supreme Court to end insolvency proceedings against RCOM

March 26, 2019
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Ericsson has filed an application in the Supreme Court, requesting to end the insolvency proceedings against Reliance Communications (RCOM).

In addition, RCOM has also filed an affidavit in the Supreme Court, seeking to drop the contempt of court charges against its chairman as the company had settled its dues to Ericsson as per the Supreme Court’s orders.

These filings will end the 18 month battle between RCOM and Ericsson over network maintenance arrears.

The filings come after RCOM cleared dues worth Rs 4.58 billion to Ericsson. Earlier, the Supreme Court had set a deadline of March 19, 2019 for RCOM to clear the dues, failing which its chairman would go to jail.

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