SC grants the Commission a period of time up to December 15 to pay Ericsson

The Supreme Court on Tuesday asked Reliance Communication to reimburse telecom equipment maker Ericsson India for its Rs.550 royalties on Dec. 15, claiming that a late payment would attract an interest of 12% per annum. year.

A court ruled by RF Nariman ruled that it was the last opportunity offered to the COM to offset the settlement amount.

He stated that Ericsson could revive his plea for contempt of Reliance if the settlement amount was not paid by December 15th.

appearing for Reliance, said the company was waiting for approval from the Ministry of Telecom to sell its spectrum, after which it would pay Ericsson.

Leading defender Dushyant Dave, appearing for Ericsson, said the Reliance argument was a "complete" argument. bogey "

Ericsson has argued in the Supreme Court for contempt of COM Chairman Anil Ambani and others for failing to pay a debt of Rs 550 The company had alleged that RCom had "deliberately and consciously" defied the Supreme Court's August 3 ruling and the pledge to pay Rs.550 by the end of September this year. 19659002] He requested the initiation of proceedings for contempt of senior officials of the Republic, including Ambani.

"They do not respect the right of the nation and have abused the right to a fair trial, "said the plea.The court had approved the agreement between RCom and Ericsson India Pvt Ltd following a dispute over a payment and had asked the company to telecommunication to pour 550 crores of rupees on the Indian arm of the Swedish firm before September 30th.

Ericsson India, which had signed the 7th An agreement concluded in 2014 to operate and manage RCom's national telecommunication network, alleged that it did not receive the royalty of more than 1,500 crores and challenged the indebted firm in front of a Company Law Court of Appeal (NCLAT).

A Supreme Court had gone through the May 30 provisional order of NCLAT and noted that Ericsson India was willing to settle its debt of more than 1,500 crore for an amount of 550 crore which was to be paid by RCom in 120 days.