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Government To Refund Rs 104 Crore To RCom After Top Court Rejects Request

Reliance Communications (RCom) slipped into insolvency in 2019 In 2018, TDSAT ordered refund to RCom as balance of bank guarantee The tribunals order was challenged by government

Reliance Communications (RCom) slipped into insolvency in 2019
Reliance Communications (RCom) slipped into insolvency in 2019
The Supreme Court on Tuesday rejected the government's plea challenging a refund of Rs 104.34 crore to Reliance Communications (RCom). In December 2018, the Telecommunications Dispute Settlement and Appellate Tribunal (TDSAT) had ordered the refund to the then telecom arm of the Anil Ambani-led Reliance Group as balance of bank guarantee for spectrum. The tribunal's order was challenged by the government. Reliance Communications (RCo...
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