Ericsson has sought Rs1,154 crore from RCom and two of its arms-Reliance Telecom Ltd and Reliance Infratel Ltd-after having signed a seven-year deal in 2014 to operate and manage RCom's nationwide network.
The tribunal admitted the petition on May 15 which could potentially result in delaying RCom's plans to sell assets to lighten its debt load.
In December 2017, Reliance Jio agreed to buy a majority of the wireless assets of RCom for an undisclosed amount. The company in a press release said it would decide the next course of action after studying the detailed orders of NCLT. The apex court had earlier has allowed the sale of the tower and fibre business, but insisted that the proceeds be escrowed, while allowing the spectrum, fibre, media convergence network (MCN) assets and real estate to be sold off.
RCom shares fell 15.20% to close at Rs 10.55 a share on Wednesday following the development. RCom says it owes only Rs 60 crore to Ericsson.
Under India's bankruptcy law, insolvency resolution needs to be completed within a maximum 9 months, failing which the company is liquidated.
Worries about the ability of, as the company is widely known, to repay its near $7 billion debt to Indian and foreign banks have been mounting for more than a year.
The company shut down its consumer mobile business late a year ago unable to survive the aggressive pricing strategy adopted by Reliance Jio which offered free voice and undercut the prices of data plans.
Meanwhile, the Supreme Court website crashed yesterday as well, so the Collegium decision could not be uploaded in the evening. It had then also chose to consider the names of other High Court Judges for elevation as judges of the Supreme Court.
Emergency services rushed to the scene on a country lane in High Legh, Cheshire, after his Range Rover collided with a van. After returning to England he became player-manager of Cheshire-based amateur team Egerton.
The BBC reports, "Ebola is a serious infectious illness that causes internal bleeding and often proves fatal". He said epidemiologists are working to identify additional contacts to the 500 already identified.
It seems Instagram is ready to embrace the impact of the reduction in usage as soon as such a tool goes live for users. Systrom says Instagram wants the time spent within the app to be "positive and intentional".
Kutz also said that he was unaware of the extent of the leg injury Pennington sustained early in the bout, via Nunes' leg kicks. Pennington also revealed on the MMA Hour that her coaches are "struggling" to handle the fallout from UFC 224's controversy.
Willow Wilson, and Adrian Alphona, Kamala Khan became Marvel's first Muslim character to headline her own comic book. Ms Marvel , aka Kamala Khan and Marvel's first Muslim superhero, was launched in the comics back in 2013.
On Tuesday, he narrowed the window by declaring May 28 as the day Monmouth Park will launch sports betting in New Jersey . Probably not, said Kate Lowenhar-Fisher, a Las Vegas-based attorney who chairs the gaming practice at Dickinson Wright.
Final circles on Miramar are often supremely hectic as you might be fighting with other players over one rock, or a single tree. Next up are progress and activity missions, which offer rewards as you level up and based on your activity, respectively.
In the decider, a single break of serve in the seventh game gave Fognini the opportunity and he held to his two serves to win 6/3. Williams had earlier opened her campaign by brushing aside Russia's Elena Vesnina 6-2, 4-6, 7-5 in their last-32 clash.
It's great to see a hardware maker thinking this way about making its products more accessible to a wider audience. We couldn't be prouder to have their support in introducing the Xbox Adaptive Controller.
Italy great Buffon to leave Juventus
He won Serie A nine times and the Coppa Italia five times, while he also lifted the UEFA Cup with Parma in 1999. I was always be grateful to all of you forever.
Utah Tesla driver had hands off wheel before crash
It's now your nearly weekly reminder that you need to stay attentive on Autopilot and that rules of the road still apply. The driver engaged Autosteer and Traffic Aware Cruise Control on multiple occasions during this drive cycle.
Starbucks To Foray into China
Consumers also are shopping more at home, shunning brick-and-mortar retail for e-commerce. It's bringing a new line of pre-made cold tea and coffee to China next month.
Pink Hits Back at Twitter Troll Who Says She Looks 'Old'
Several of Pink's fans cheered at the concept of her still kicking and screaming on stage at almost 40-aerial stunts included. Her big moment: Victoria's family could be heard in the background screaming in delight for the little girl, 'You did it!
Honda to launch Civic, CR-V in H2 of FY2018-19
Another highlight of the cabin is the Digipad 2.0 touchscreen infotainment unit that supports Apple CarPlay and Android Auto. Although both the cars are powered by a 1.2-litre petrol engine, the Amaze leads the Xcent in terms of power by 7PS.
US surgeon general gives aid on plane
Adams, an anesthesiologist, was nominated to the post in June by President Donald Trump and confirmed by Congress in August. Public Health Service Commissioned Corps, a group of more than 6,700 uniformed officer public health professionals.
SRH challenge for resurgent RCB
They still have a good chance to make the playoffs but they have made it hard for themselves after some inconsistent performances. As games start having more playoff implications than ever, we take a look at how both teams line up before the RCB vs SRH match.