MUMBAI: The National Company Law Tribunal (NCLT) has adjourned the hearing of Ericsson’s petition to admit the insolvency case against Reliance Communications (RCom) to October 6 .
Rcom’s senior counsel Ravi Kadam told the bench comprising of BSV Prakash Kumar and V Nallasenapathy that if both parties do not reach a settlement by the allotted date, he would file his affidavit to the court.
Shares of RCom closed down 1.25 per cent at Rs 19.70 a piece on the Bombay Stock Exchange on Tuesday.
However, sources said that reaching a conclusion after failed initial rounds of negotiations would be tough. Last week, ET reported that the first round of talks between Ericsson and Reliance Communications (RCom) have been inconclusiv…
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