Ericsson, RCom case Chronology

Agencies
February 20, 2019

New Delhi, Feb 20: The following is the chronology of events in the case in which the Supreme Court Wednesday held Reliance Communications Ltd (RCom) Chairman Anil Ambani and others guilty of contempt of court.

- Jan 25, 2013: Ericsson, RCom enter pact to operate and manage RCom's nationwide telecom network.

- May 7, 2017: Ericsson issues three notices to three Reliance companies to pay Rs 9.78 crore in dues.

May 19: The companies state performance of Ericsson had been inconsistent

Sep 7: Ericsson terminates agreement, asks them to pay outstanding amount in full.

Sep 8: Ericsson files three applications under Insolvency and Bankruptcy Code as operational creditors.

- May 15, 2018: National Company Law Tribunal admits Ericsson's plea for beginning of insolvency proceedings against RCom.

May 18: NCLT appoints three Interim Resolution Professionals for the process.

May 30: National Company Law Appellate Tribunal stays bankruptcy proceedings, RCom says it has agreed to pay Rs 550 crore dues within 120 days.

July 17: 3 Reliance companies file plea in SC seeking quashing of corporate insolvency resolution process in view of settlement of disputes between them and Ericsson.

Aug 3: SC approves settlement between RCom and Ericsson, allows RCom to sell assets worth about Rs 25,000 crore.

Aug 9: Undertakings given by chairmen of Companies says dues will be paid upon sale of company's assets.

Sep 27: Reliance firms seek extension of 60 days.

Oct 1: Ericsson files contempt plea against RCom and the group companies.

Oct 23: SC grants RCom till Dec 15 for paying Ericsson.

Dec 12: RCom moves second application in SC for extension of time.

Dec 13: SC refuses any such extension.

- Jan 21, 2019: Three Reliance Companies inform SC Rs 118 crore had already been deposited with the apex court's Registry.

Feb 1: RCom group writes to stock exchanges, making it clear that they will not resist the corporate insolvency resolution process that had been stayed.

Feb 20: SC holds Anil Ambani and others guilty of contempt of court.

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News Network
March 29,2020

Mumbai, Mar 29: Virologist Minal Dakhave Bhosale led from the front to create India's first coronavirus testing kit even when she was in the last stage of her pregnancy.

Bhosale's efforts paid the price with her team delivering the testing kit in a record time of six weeks.

Bhosale gave birth to a baby girl just a day before submitting the kit to the authorities for evaluation.

"It was like giving birth to two babies," Bhosale told PTI over the phone.

The virologist said both the journeys - that happened in parallel - were not without challenges.

"There were complications in the pregnancy while work on the test kit was on. The baby was delivered through cesarean," she said.

Bhosale said she felt that it was the right time to serve the people to help them in combating the coronavirus threat.

"I had been working for five years in this field and if I don't work in emergency situations when my services are needed the most, then what is the use?" she said.

Though Bhosale was not able to visit the office due to the pregnancy, she was guiding a team of 10 persons working on the project at Mylab Discovery in Pune.

The strong bonds forged with the team over the years and their support made it possible, she said.

Company's co-founder Shrikant Patole said just like drug discovery, test kits too go through a lot of quality checks to improve the precision.

He credited Bhosale for the success of the project.

The COVID-19 testing kit delivered by Bhosale's team will reduce the time taken for delivering a result to 2.5 hours from the prevalent practice of eight hours.

A pioneering approach to testing without compromising on the results was adopted, Bhosale said.

The Maylab test kit will cost Rs1,200, a quarter of Rs 4,500 per kit that the government has been spending on testing so far.

"I'm happy that I could do something for the country," Bhosale said.

As of Friday, only 27,000 of the 1.3 billion people were tested for the virus in the country.

According to experts, high scale testing is essential because it alone can ensure an early diagnosis of COVID-19 and lower down the fatalities.

The company is confident of ramping up the capacity at its plant in Lonavala to deliver 100,000 kits a week, Patole said.

He said the authorities are helping the company, including giving priority for shipping of the raw materials.

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News Network
February 24,2020

Ahmedabad, Feb 24: US President Donald Trump and his wife Melania on Monday tried their hands at spinning the 'charkha' (spinning wheel) at the Sabarmati Ashram here.

Accompanied by PM Narendra Modi, the US president and his wife went around the Ashram, before resuming the roadshow from the airport to the Motera stadium. "To my great friend Prime Minister Naredra Modi, thank you for this wonderful visit," Trump wrote in the Ashram visitors' book.

The US President was briefed about Gandhiji and the importance of charkha as a symbol of self reliance. Trump reached Ahmedabad at 11.37 am for the first leg of his India visit.

US President Donald Trump arrived in Ahmedabad on Monday for the first leg of his India trip. The Air Force One plane carrying Trump and his wife Melania landed at the Sardar Vallabhbhai Patel international airport here at 11.37 am, officials said. It was scheduled to land at 11.40 am.

Trump, who is also accompanied by daughter Ivanka, son-in-law Jared Kushner and top brass of his administration, will get a taste of India's cultural melange during his high- optics Gujarat itinerary, after the bonhomie between the two leaders at the 'Howdy, Modi!' event in Houston last year.

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News Network
April 19,2020

Shimla, Apr 19: A man, who had recovered from the novel coronavirus, was again found suffering from the infection in Himachal Pradesh, officials said.

The man, a Tablighi Jamaat member, tested positive for the infection on Saturday within a week of his two reports coming out negative, they said.

Residents of different places in Mandi district, the man along with two other Jamaatis had been staying in a mosque of Nakroh village in Una'a Amb tehsil and all tested positive on April 2.

They were admitted to Tanda's Dr. Rajendra Prasad Government Medical College (RPGMC) in Kangra district on April 3.

As per the available information, they had tested negative for the first time on April 10 and they were declared as cured as per protocol after they tested negative for the second time on April 12.

Subsequently they had been discharged from the RPGMC and were kept in institutional quarantine.

However, with the man again testing positive, the total number of active cases in the hill state has increased to 23 out of the total 40 positive cases.

Four persons have been shifted to a private hospital outside the state. Eleven have recovered while two others have died.

A total of 16 confirmed cases were found in Una and health department statistics now shows 14 active cases and two cured.

Officials said 11 patients — three each from Chamba, Kangra, and Solan districts and two from Una district — have recovered.

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