Ericsson misusing insolvency code for coercion and debt recovery, RCom tells NCLT

RCom told the tribunal that Ericsson was improperly using the IBC to include insolvency as a substitute for debt enforcement, and trying to obtain preferential payments by coercing the debtor using insolvency proceedings.

​RCom told the tribunal that Ericsson was improperly using the IBC to include insolvency as a substitute for debt enforcement, and trying to obtain preferential payments by coercing the debtor using insolvency proceedings.