This case involves a writ petition filed by Reliance Communications Limited & Ors. against State Bank of India & Ors. regarding financial matters. The Supreme Court is hearing the matter, which includes applications for permission to file additional documents, exemption from filing certified copies of impugned judgments, and intervention/impleadment. The case also involves an interim order from the National Company Law Appellate Tribunal (NCLAT) regarding Ericsson India Pvt. Ltd.'s settlement of debt.
Reliance Communications Limited & Ors. filed a writ petition against State Bank of India & Ors. The case involves financial matters and an interim order from the National Company Law Appellate Tribunal (NCLAT). Ericsson India Pvt. Ltd., an Operational Creditor, is willing to settle its debt of over Rs. 1500 Crores for Rs. 550 Crores. This amount is to be paid within 120 days, specifically by September 30, 2018. The Supreme Court is hearing applications for filing additional documents, exemption from filing certified copies, and impleadment. The court is also considering the undertaking to be given by the Chairman of the concerned company within one week. The case is listed for further hearing on October 1, 2018. The sale of assets will proceed as stated in the
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National Company Law Appellate Tribunal…
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This case involves a writ petition filed by Reliance Communications Limited & Ors. against State Bank of India & Ors. regarding financial matters. The Supreme Court is hearing the matter, which includes applications for permission to file additional documents, exemption from filing certified copies of impugned judgments, and intervention/impleadment. The case also involves an interim order from the National Company Law Appellate Tribunal (NCLAT) regarding Ericsson India Pvt. Ltd.'s settlement of debt.
Reliance Communications Limited & Ors. filed a writ petition against State Bank of India & Ors. The case involves financial matters and an interim order from the National Company Law Appellate Tribunal (NCLAT). Ericsson India Pvt. Ltd., an Operational Creditor, is willing to settle its debt of over Rs. 1500 Crores for Rs. 550 Crores. This amount is to be paid within 120 days, specifically by September 30, 2018. The Supreme Court is hearing applications for filing additional documents, exemption from filing certified copies, and impleadment. The court is also considering the undertaking to be given by the Chairman of the concerned company within one week. The case is listed for further hearing on October 1, 2018. The sale of assets will proceed as stated in the
…National Company Law Appellate Tribunal…
The Supreme Court heard…
Sign in to view related legal provisions.