MUMBAI (Reuters) - India's bankruptcy court on Tuesday admitted a plea filed by Swedish telecom gearmaker Ericsson against Reliance Communications, potentially derailing the Indian firm's plans to sell assets to lighten its debt load.
Ericsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications' nationwide network, is seeking 11.55 billion rupees ($170.21 million) from the company and two of its subsidiaries.
A lawyer for RCom, as the company is widely known, said it would appeal.
($1 = 67.8575 Indian rupees)
(Reporting by Sankalp Phartiyal; writing by Abhirup Roy; editing by Jason Neely)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)