RCom offers â¹500 crore to Ericsson to settle dues
Anil Ambani-led Reliance Communications (RCom) has offered to pay â¹500 crore to Ericsson to settle a dispute related to unpaid dues of â¹1,150 crore. RCom made the offer to Ericsson during National Company Law Appellate Tribunal hearing over an appeal it filed against the tribunal's insolvency order. Ericsson had filed an insolvency case against RCom and two of its subsidiaries.