Tribunal admits Ericsson's bankruptcy plea against RCom
The National Company Law Tribunal has admitted an insolvency plea filed by telecom equipment maker Ericsson against Reliance Communications (RCom) and its subsidiaries. This comes after Ericsson moved the tribunal to recover unpaid dues of â¹1,150 crore from RCom. Recently, RCom announced plans to reduce debt reportedly by â¹25,000 crore by selling its wireless infrastructure assets to Reliance Jio.