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The National Company Law Appellate Tribunal lifted interim orders on Reliance Communications that temporarily halted the bankruptcy case.
Reliance Jio Infocomm and RCom terminated a 2017 deal that helped Anil Ambani stave off bankruptcy.
Ericsson snagged a sweet deal by exploiting RCom’s initial reluctance to enter in-court bankruptcy, and then getting a jail risk for Anil Ambani thrown into the mix.
His companies suffered a setback last week after a lower court refused to free up tax refunds withheld by lenders.
The govt has moved the Supreme Court against allowing the sale unless it is given Rs 29.4 billion in bank guarantees from either company.