Interim Resolution Professional (IRP) Pardeep Kumar Sethi has admitted claims of Rs 47,038.79 crore with the remaining amount being put for verification.
Lenders moved NCLT to appoint a new resolution professional and form a committee of creditors as the first step to begin the bankruptcy process.
Ericsson opposed the move as there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter were allowed to restart.
While RCom wants to initiate insolvency proceeding due to its inability to pay back lenders, one of its creditors—Swiss telecom major Ericsson—opposes the move.
The appellate tribunal also issued notice to DoT and directed to list the matter on April 8 along with the main case.
'BSNL has already invoked a bank guarantee of around Rs 100 crore submitted by RCom for default on payments.'
Though the brothers shared a rough relationship after the division of Reliance, Anil was grateful that the brothers have moved beyond the past.
Anil's heavily debt-laden RComm made a Rs 550 crore payment, including interest, to Ericsson just a day before expiry of the deadline set by the SC to clear dues or face a three-month jail term.
The Reliance Group chairman, who once had a net worth of at least $55 billion, has seen it shrink to about $300 million.
Lenders of RCom said that it will lead to outgo of public money for settling payment of a private party.
RCom counsel Kapil Sibal appealed for payment to be made to Ericsson from the trust and retention account held by SBI under which assets of telecom firm have been mortgaged.
The tribunal questioned on why were legal proceedings initiated against the lenders and claimed that creditors are now trying to recover Rs 260 crore which the company has got from IT refunds.
The supercomputer of 833 teraflop capacity, built at the cost of Rs 32.5 crore, under the National Supercomputing Mission at IIT-BHU.
The company plans to pay the money from received from Income Tax refunds in its bank account.
The apex court held that the RCom chairman and Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani breached the undertaking given to the apex court.