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NCLT to Decide on RCom Plea in June
Mint Chennai
|May 02, 2025
The Mumbai bench of the National Company Law Tribunal (NCLT) said on Thursday it will decide next month on bankrupt telco Reliance Communications Ltd's plea for a ₹550 crore refund from Swedish telecom equipment maker Ericsson.
In a brief hearing at the NCLT, Ericsson's counsel termed the plea "frivolous". The tribunal directed both parties to file responses and listed the matter for hearing on 11 and 12 June. RCom and its subsidiaries—Reliance Telecom and Reliance Infratel—paid Ericsson ₹550 crore in 2019 after an apex court order.
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