NCLAT issues notice to RCom over Manipal Technologies 'dues'

Updated: Wed, Nov 15, 2017
12:18 pm
PTI
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The National Company Law Appellate Tribunal (NCLAT) today issued a notice to Reliance Communications over a petition filed by Manipal Technologies Ltd seeking its due.

The appellate tribunal has agreed to hear the matter on December 4.

The Karnataka-based company has claimed a due of Rs 2.7 crore for the biometrics fingerprint scanners supplied to RCom in 2016. However, the money was not paid as RCom claimed that the invoices were raised in the name of HP financial services and not RCom.

Earlier, it had approached the National Company Law Tribunal, which had rejected Manipal's plea, accepting RCom's argument that dues were not against the firm.

Following this, Manipal Technologies moved the NCLAT.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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