The National Company Law Tribunal (NCLT) on Thursday asked Sweedish telecom equipment and services provider Ericsson to file bank certificate detailing the amount telecom service provider Reliance CommunicationsBSE -4.33 % (RCom) owes it within seven days.
“On verification, court has noticed the copy of certificate from financial institutors has not been filed in petition,” an NCLT bench comprising of Justices BSV Prakash Kumar and V Nallasenapathy said. “The petition is hearby directed to furnish the same within seven days.”
Anil Kher, senior counsel for Ericsson, told the tribunal that RCom had not paid its dues to the Swedish firm for the past two years and only few postdated cheques were given.
Source: Economic Times