Avaya India moves NCLT against Reliance Communications

Industry:    2018-03-16

Communications solutions provider Avaya India has moved the National Company Law Tribunal (NCLT) against Reliance CommunicationsBSE 1.69 % (Rcom) for recovery of Rs 7.5 crore.

“Rcom has not paid dues for call centre services from January to September 2017,” said legal counsel for Avaya, Abhishek Adke.

The tribunal has asked Rcom to file its response in the next 10 days. The matter is listed for March 23.

Gautam Ankhad and Abhishek Adke represented Avaya India along with Suvan Law Advisors in the dispute.

The Anil Ambani-owned telecom operators and its subsidiaries are in midst of multiple lawsuits while it tries to pare of its debt off its debt of Rs 45,000 crore by selling most of its wireless assets to Reliance Jio Infocomm (Jio) by March end for a reported Rs 25,000 crore.

This week, the telco said its subsidiary Reliance Infratel will appeal against NCLT’s stay order on sale of its towers and optic fibre assets in National Company Law Appellate Tribunal. NCLT had restrained Reliance Infratel, from selling its towers and fibre to Jio for Rs 8000 crore till further orders.

The order was passed when HSBC Daisy Investments along with some other minority shareholders in Reliance Infratel claimed that any sale would lead to oppression and mismanagement.

RCom had on Wednesday said it will “necessary actions in the best interest of all the stakeholders” against Bombay High Court dismissing RCom’s appeal to allow sale of assets to Jio despite a arbitration tribunal passing an interim stay order on the sale. This arbitration tribunal passed its order when Sweedish equipment maker Ericsson, a vendor to the operators demanded its dues worth Rs 1100 crore.

Last month, American Tower Company (ATC ) moved Delhi High Court against RCom and its subsidiary-Reliance Telecom, to get security for recovery of its dues worth Rs 100.63 crore plus, on grounds that the Anil Ambani owned company has not made payments for services provided from July to December last year.

Other petitioners against the telco include Fortuna Public Relations, which claims the telco owes it. Rs 47.65 lakh, Manipal Technologies, which has moved NCLAT to recover Rs 2.74 crore from RCom, and IT firm Tech MahindraBSE 0.86 %, which has since agreed to settle its demand for Rs 8.2 crore out of court.

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