By Reuters
(Reuters) – India’s Reliance Communications (RCom) said on Thursday it has urged its lenders to allow release of 2.60 billion rupees (28.05 million pounds) directly to telecom equipment maker Ericsson.
RCom said https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b311418-3b21-412e-ae76-835a7fb1dc0f.pdf it had received the sum as income tax refunds and is lying in its bank account.
India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications, guilty of contempt of court for wilfully failing to pay 5.5 billion rupees to Ericsson.
(Reporting by Krishna V Kurup in Bengaluru; Editing by Shreejay Sinha)
