Reliance Communications attempted out of court settlement, but Ericsson rejected

MUMBAI: Reliance CommunicationsNSE 3.54 % last month made a last-ditch attempt to stave off a personal appearance for its chairman, Anil Ambani, in the Supreme Court, telling Ericsson that it would settle all arrears by January-end, provided the equipment suppler withdrew its contempt petition against the industrialist. The Swedish company, however, said it must be paid first and the matter settled through court.

Ambani on Tuesday made his first visit to a court since May 2013, when he had appeared in New Delhi’s Patiala House Court in the 2G case.