Anil Ambani is back in news and this time it is not for the alleged Rafale scam.
Swedish telecom gear maker Ericsson has filed a petition in the Supreme Court for contempt of court against the Chairman of Reliance Communications after the firm failed to pay about Rs 5.50 billion to Ericsson to settle the dispute over dues. Ericsson has moved court to prevent Ambani and two of his senior executives to leave the country.
RCom had to pay the amount to Ericsson by 30th September, however, the company approached SC seeking a 60-day extension, as reported by Business Standard. Ericsson though did not agree to the extension and had gone ahead to file a contempt of court petition.
Ericsson in its petition told Supreme Court,
“They have no respect for the law of the nation, prevent any of these persons from leaving the country without special permission from the court. These directions are necessary to secure ends of justice.”
The equipment maker alleged that it had signed a seven-year deal in 2014 to operate and manage RCom’s nationwide telecom network, but had not been paid dues of more than Rs. 1,000 crore. After several months of legal wrangling, RCom managed to stave off the insolvency process by agreeing before the NCLAT to settle its dues with Ericsson for Rs 550 crore, subject to riders. At the same time, the telco also struck a Rs 232-crore settlement with minority shareholders of Reliance Infratel.
SC will hear the plea of RCom on 04th October whereas a date for Ericsson is yet to be finalised. As per sources, Ericsson’s petition too can also be taken up on 04th October along side the RCom hearing.
Meanwhile, the National Company Law Appellate Tribunal will hear the matter on 3rd October, although, the tribunal has asked both parties to settle the disputes.
Queries sent to the companies remained unanswered.
So far, RCom has already sold its optic fibre and switching nodes to Jio for Rs 5,000 crore. But its main deal to sell its spectrum to the Mukesh Ambani-owned telco is stuck in a legal tussle, with the telecom tribunal hearing RCom’s appeal against the telecom department’s demand for Rs. 2,000 crore as spectrum usage charge (SUC) before approving the transaction.
Anil Ambani group is already running a debt of Rs. 45,000 crore.
IS ANIL AMBANI GOING TO BOLT?
Ericsson wants Anil Ambani to be restrained from leaving India for defaulting… https://t.co/Rr4CuGQl7k
— Mohan Guruswamy (@mohanguruswamy) October 2, 2018
No Ericsson, you seem to have got the wrong man! How can Anil Ambani who has been given 15 defence licences, >20KCr from #RafaleDeal flee the country? He is the favourite crony. What will happen to Modiji then? Will the fakeer also pick up his bag & leave? https://t.co/CCTIlcTguF
— Prashant Bhushan (@pbhushan1) October 3, 2018
With every passing day, the risk grows that this criminal too will fly the coop!
— Roy Sânkar 🌈 🌈 🌈 (@roy5ankar) October 2, 2018
I am sure #AnilAmbani would have already served a CEASE & DESIST notice to his PRADHAN SEVAK from issuing a LOOK OUT, DETAIN, INFORM or any other kind of AIRPORT alert in his name https://t.co/gfT3Q6Jjl8
— Vinay Kumar Dokania (@VinayDokania) October 2, 2018
Ericsson petitions SC to prevent #AnilAmbani from fleeing country!!
Ericsson was owed Rs 1600 crores-reduced it to Rs 550crs-due on sep 30!
Ambani owes Indian tax payers Rs 45,000 crores so this is chicken feed and besides he is friends with Modi..😏😏
— Main Hoon Na (@neo_pac) October 2, 2018
With inputs from Business Standard and TOI