Supreme Court of India

Reliance Communication Limited & Ors. v. State Bank of India & Ors.

Neutral citation
Bench R. F. Nariman and Vineet Saran JJ.
Decided 20 February 2019

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

What the Court ordered

We are of the view that the contempt of this Court needs to be purged by payment of the sum of INR 550 crore together with interest till date.

Judgment, page 32

From the headnote

Contempt of Courts Act, 1971 – s.12(4) – Agreement between Ericsson and Reliance Communications (RCom) – Ericsson agreed to provide managed services, i.e., operation, maintenance, and management of RCom’s network – It raised invoices, however on receiving no payment, ultimately issued notices – Notices replied by three Reliance Companies (RCom and its group companies, Reliance Telecom Ltd. & Reliance Infratel Ltd. – Understanding reached for making payment of the outstanding invoices – However, even this understanding fell through – Ericsson terminated the agreement calling upon the three…

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