Bombay High court dismiss RCom's appeal - Rs.1012 crore dues

The Bombay High court dismisses RCom's writ challenging an arbitration tribunal's order restraining the sale or transfer of the telecom's assets.Reliance Communications-RCom has plans to sell their wireless assets to Reliance Jio Communications.

However, Reliance communications which are defunct, are filing an application challenging the Bombay High court's order.

Arbitration Tribunal gave its ruling favoring the complainant Ericsson company, a manufacturer of mobile sets in Sweden against Reliance Communications for recovery of dues Rs.1012 crore.

 

Post a new comment

Log in or register to post comments

Fashion

Jun 122018
Fashion designing is the applied art devoted to making stylish clothing and lifestyle accessories.

Entertainment

Jun 212018
The famous Indian music director A.R Rahman is the brand Ambassador to the state of Sikkim to showcase the states' aims and achievement, to bring Sikkim on the International Map of Tourism.