The Supreme Court found Reliance Communications Ltd. (RCom) and two other group firms guilty of contempt of court, observing that the defendants had adopted a “cavalier attitude” despite the court’s best efforts to “lend a helping hand” to pay off dues worth Rs. 550 crore to Swedish telecommunications equipment major Ericsson.
SC in its 41-page judgment, dismissed the defendants’ “unconditional apology” for disobeying the court’s orders. Supreme Court observed that “conditional” undertakings given by the three chairpersons on August 9, 2018, to the Supreme Court to pay the Rs. 550 crore amounted to “misdemeanour”. They gave these undertakings despite the court, in an order dated August 3, having given them leeway of a 120-day-period to pay back Ericsson.