Reliance Communications on Monday released list of financial creditors that are claiming Rs. 57,382 crore under bankruptcy proceedings.
Interim Resolution Professional (IRP) Pardeep Kumar Sethi has admitted claims of Rs 47,038.79 crore with the remaining amount being put for verification.
Ericsson signed managed services contract with RCom after Chinese telecom gear maker Huawei stopped services to the debt-ridden telecom operator because of payment issues.
Resolution proceedings resume after a go-ahead from NCLAT; RCom becomes first ADAG firm to go belly up
Lenders moved NCLT to appoint a new resolution professional and form a committee of creditors as the first step to begin the bankruptcy process.
This is because there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter restarted.
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.
No political interference in tax settlement with Reliance firm: France over Le Monde's Rafale bombshell
Leading French newspaper Le Monde reported that France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Ambani's Reliance Communications in 2015.
Tax concession by France to Anil Ambani's firm is 'Modi kripa', says Congress in fresh attack over Rafale
In its reaction, Reliance Communications has rejected any wrongdoing and said the tax dispute was settled under legal framework which is available for all companies operating in France.
Raymond Realty is looking to invest Rs 250 crore in its maiden realty project until FY20.
According to the NCLAT ruling, the show cause notices and letter were against its February 4 order, in which it said that no one can sell, alienate or create third-party rights over RCom’s assets.
The appellate tribunal also issued notice to DoT and directed to list the matter on April 8 along with the main case.
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.
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.