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Bloomberg
A public-relations firm became the latest company to ask an Indian tribunal to place billionaire Anil
Ambani-run Reliance Communications Ltd. under insolvency proceedings after the unprofitable mobile-phone operator failed to pay its dues.
Fortuna Public Relations Pvt. placed its request with the Mumbai bench of National Company Law Tribunal on Monday, saying Reliance Communications owes it $67,000. The NCLT plans to hear the case on December 19.
The PR firm joins a list of creditors including China Development Bank, Manipal Technologies Ltd. and the Indian unit of network-equipment maker Ericsson AB seeking to compel repayment from a company controlled by the brother of India’s richest person.