Past Liability: RCom, RJio get 3 more weeks to resolve issue

The Supreme Court on Friday gave further three weeks time to Reliance Communications (RCom) and Reliance Jio Infocomm (RJio) to resolve among themselves as to who will be liable for the past dues of the former once the spectrum trading deal between the two is cleared by the government. At its last hearing on January 7, the court gave time to the two sides till Friday to resolve the matter after RJio refused to give an undertaking that it would pay the dues of RCom, if any came to light, once the trading deal was through.

Appearing before a bench led by justice RF Nariman, senior counsel Kapil Sibal sought three-week adjournment on behalf of RCom as the company wanted to move the telecom tribunal. The court granted the request.

The apex court had maintained that the Department of Telecommunications (DoT) would give the required no objection certificate (NoC) to the deal only after RCom and RJio resolved the issue between themselves over the past dues. “Sit down and resolve this between yourselves, it is not for us. Till you don’t resolve between yourself, we can’t do anything,” the judge said at the last hearing on January 7.

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