New Delhi, Dec. 10 -- The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday dismissed Reliance Communications Ltd's (RCom's) plea seeking a refund of nearly Rs.325 crore from Swedish telecom equipment maker Ericsson India Pvt. Ltd., part of the Rs.550 crore that the Reliance Group paid in 2019 to purge a Supreme Court contempt order.

The tribunal held that the payment did not violate insolvency norms and was made solely in compliance with the Supreme Court's directions, not through any insolvency-linked settlement.

"We do not find any merit in the contention of the applicant that the money paid to Ericsson pursuant to the NCLAT stay order is required to be refunded. The petitions filed by the Resolution Professional ...