RCom taking insolvency route out of ‘dishonest intention’: Ericsson to SC

In a fresh contempt plea moved before the Supreme Court, Ericsson India has alleged that the insolvency route taken by Anil Ambani-led Reliance Communications (RCom) has “dishonest intention” intended to frustrate the orders of the court, sources close to the development said. The Supreme Court had ordered RCom to pay Rs 550 crore to Ericsson India latest by December 15.