Indian arbitration court restrains RCom from selling assets
An Indian arbitration court has restrained Anil Ambani-led Reliance Communications (RCom) and two of its companies from transferring or selling any assets without its permission. This comes after telecom equipment maker Ericsson moved the National Company Law Tribunal (NCLT) to recover unpaid dues of â¹1,150 crore from RCom. Notably, RCom owed banks about â¹45,000 crore as of March 2017.