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The Supreme Court after hearing the contempt petitions filed by Ericsson AB against Reliance Communications Ltd Chairman Anil Ambani and others has reserved its judgment on the case. All the accused in the case were present in the apex court for the second straight day.
The contempt petitions is filed by Ericsson India regarding the non payment of dues worth Rs. 550 Crores by Ambani and Rcom which was scheduled to be take place by September 30. Senior Advocate Dushyant Dave, appearing for Ericsson, said “The contempt was wilful and the undertaking to pay was unconditional.”
Dave, who said that the Ericsson accepted the settlement offer made by RCom in good faith, also added ““It’s so unfortunate that people who think they are extraordinary citizens of the country think they can take the court for a ride.”
In defense of Mr. Ambani, Senior Advocate Mukul Rohatgi said the undertaking to pay dues was subject to the spectrum sale deal between RCom and Reliance Jio going through. He also added “We could manage only Rs 780 crore in the sale with Jio which was routed to the DoT through the lenders to avoid the cancellations of the licences.”
