Anil Ambani's RCom files for insolvency as deal with Jio crumbles

The insolvency filing comes weeks after Swedish network giant Ericsson petitioned the SC to arrest Anil over the recurring delays in payment of its dues worth Rs 550 crore, and accused the embattled businessman of engaging in “gross and wilful contempt” of the apex court. Also, it follows the failure of a spectrum trading deal between RCom and Jio.

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