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NCLT to Decide on RCom Plea in June

Mint Bangalore

|

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.

- Krishna Yadav

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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A silent pivot

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3 mins

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Battery storage to jump 6x by 2047

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2 mins

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From playlists to pay-lists— streaming platforms go flexi

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time to read

2 mins

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AI trade splinters as Google challenges Nvidia’s dominance

Investors are sending two leaders of the AI trade in opposite directions.

time to read

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Aim for a win-win reset of industrial relations

Labour unions protesting India’s reforms should look at what serves the nations interests, including their own. The framework makes space for mechanisms that work for everyone

time to read

2 mins

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