Which company to approach NCLT against Reliance Communication to recover Rs. 700 crore?
A. Airtel
B. Nokia
C. BSNL
D. Idea
Answer:C
Which company to approach NCLT against Reliance Communication to recover Rs. 700 crore?
A. Airtel B. Nokia C. BSNL D. Idea
Explanation: State-owned telecom firm BSNL will approach National Company Law Tribunal (NCLT) to recover dues of about Rs. 700 crore from Reliance Communications, according to official sources. Earlier, debt-ridden RCom in its plea before the NCLAT said that it wants to voluntarily go back into the insolvency process, as it will help selling its assets in a time bound manner. It had moved the appellate tribunal, seeking directions to the 37 lenders led by SBI to release ?260 crore directly to Ericsson. However, lenders of RCom have opposed the plea, saying that it will lead to outgo of public money for settling payment of a private party. BSNL has roped Singh and Kohli law firm for the suit. The case filing got delayed due to collection of invoices from all circle offices.