Reliance Communications said on Monday it has moved the National Company Law Appellate Tribunal (NCLAT) to withdraw its appeal to settle dues with Ericsson so as to pursue a debt resolution plan via the National Company Law Tribunal.
The NCLAT has asked Swedish telecom equipment maker to file its reply regarding the matter by February 8 and has scheduled a hearing for February 12, the company said.
NCLAT has prohibited the debt-laden company's guarantors and any third party from invoking any guarantee, mortgage or to sell any assets without its or the Supreme Court's permission, RCom said.
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