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RCOM rejects Supreme Court allegations

机译：RCOM拒绝最高法院指控

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Bankrupt telco Reliance Communications (RCOM) has responded to allegations from the Supreme Court that its insolvency proceedings were intended to avoid paying dues related to the reclassification of Adjusted Gross Revenue (AGR) in October last year. The Economic Times quotes an affidavit from the company rebutting the accusations, stating that its insolvency 'commenced even before the hearings in the AGR proceedings commenced, let alone the pronouncement of the AGR judgement, and was not triggered as a consequence of said judgement'. RCOM explained to the apex court that its insolvency followed a legal battle with vendor partner Ericsson over unpaid dues in 2018, and it was declared bankrupt in May 2019. Further, regarding the Department of Telecommunications' (DoT's) demand for AGR-related dues of around INR252 billion (US$3.37 billion), the company noted that the DoT would be treated as an operational creditor, and its claims were dependent on the resolution of the insolvency process. RCOM also rejected the government's claims that it is responsible for AGR-related dues totaling around INR2.21 billion of Sistema Shyam Teleservices Limited (SSTL), which was merged with RCOM in 2017. The telco said it was not liable for the fee, pointing out that SSTL continues to exist as a separate legal entity 'as only its telecom business was merged with RCOM'.
机译：破产式电信依赖通信（RCOM）已响应最高法院的指控，即其破产程序旨在避免与去年10月重新分类调整后收入重新分类的会费。经济时期引用了公司退回指责的宣誓书，甚至在耕作诉讼开始前甚至在开始的听证会上开始了，更不用说耕作判决的声明，并没有因说判决而被引发。 RCOM向APEX法院解释说，其破产遵循与2018年未付会费的与供应商合作伙伴爱立信的法律斗争，并于2019年5月宣布破产。进一步宣布，关于电信部（DOT的）对其农业有关的需求该公司指出，约为252亿美元（33.7亿美元），该点将被视为运营债权人，其索赔依赖于破产过程的解决方案。 RCOM还拒绝了政府声称，它负责统治截止日期为22.1亿岁的桑默马克斯维斯维修有限公司（SSTL），该机会有限公司与RCOM合并。这台电信表示，这对费用不承担责任，指向除了只有其电信业务与rcom'合并的情况下，SSTL继续存在作为单独的法人实体。

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    《Asia Pacific telecom》 |2020年第8期|7-8|共2页
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