Ericsson files insolvency case against India’s Reliance Comms – CNBC

MUMBAI, Sept 13 (Reuters) – Ericsson’s Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing on Wednesday. The Swedish telecoms equipment maker, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide…

Ericsson files insolvency case against India’s Reliance Comms – Yahoo7 News

MUMBAI (Reuters) – Ericsson’s Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing on Wednesday. The Swedish telecoms equipment maker, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide network, is…

Waive certain taxes for companies in insolvency proceeding: Assocham – Economic Times

NEW DELHI: Industry body Assocham today sought from the government slew of tax relief for companies against whom insolvency proceedings have been initiated. “Where any outstanding liability, inclusive of any accrued interest is waived in accordance with the approved Resolution Plan, such waiver/write-back should not be subject to tax under both normal and Minimum Alternate…

Bruce Gordon loses first legal round to Mark Korda – The Australian Financial Review

Even Bruce Gordon’s barrister didn’t seem convinced by his own argument. Andrew Bell, the new go-to advocate for media moguls, wanted NSW Supreme Court judge Ashley Black to put Lachlan Murdoch and Gordon’s takeover bid to Network Ten’s creditors, especially its 750 employees, who could be decisive. But only if administrator Mark Korda and CBS…