MUMBAI: Equipment maker Ericsson has roped in senior counsel Darius Khambata to represent it in its insolvency petition against Reliance Communication (RCom) at the National Company Law Tribunal (NCLT).
Khambata is also representing China Development Bank (CDB) in its insolvency plea against the Anil Ambani owned company to recover dues worth $1.78 billion (Rs 11,460 crore). The Bombay High Court lawyer said there was no intent to merge the cases at the moment, but “that would eventually happen once any of the insolvency petitions was admitted”.
The acceptance of insolvency will also supersede the strategic debt restructuring being carried out by RCom’s domestic lenders, he said. The insolvency petitions against RCom and i…
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