Companies Supreme Court

AA ( Anil Ambani) firm need to pay 580 crores dues : Ericsson

The Supreme Court on Monday issued a notice to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues.
 
A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks.
 
Appearing for R Com, senior Advocates Kapil Sibal and Mukul Rohatgi asked the court to accept Rs 118 crore towards outstanding dues to Ericsson India to establish its bonafide.
 
The counsel appearing for Ericsson, however, refused to accept the amount and said the entire outstanding sum of Rs 550 crore should be deposited.
 
The bench then directed R Com to deposit a demand draft of Rs 118 crore in the registry.
 
It is important to note the Company headed by Anil Ambani been made offset partner in Rafale deal that become fulcrum of war between principle opposition party congress and Ruling BJP
 
The Congress president held Indian Prime Minister Narendra modi has indulged in multi million dollar scam in association with Anil Ambani (AA) where he allege Modi has compromised Indian defence System

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