Direction: In the question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement.

Statement: Reliance Communications (RCom) has completed paying Swedish telecom gear maker Ericsson nearly Rs 580 crore, thereby, ensuring the telco’s chairman Anil Ambani does not go to jail. With payment of Rs 462 crore on March 18, the debt-laden telco ends its 18-month long battle with Ericsson which had claimed dues for its maintenance services. Ericsson has received the payment along with upto date interest and it will accordingly be withdrawing the petitions filed for insolvency.

Assumptions:

I. RCom’s financial woes though don’t end with this payment. It has already defaulted on a Rs 21 crore spectrum payment to the telecom department and needs to pay another Rs281 crore to the government in April. It has said it will voluntarily seek insolvency protection in the National Company Law Tribunal (NCLT) to sell off its assets in a time-bound manner and repay lenders, having failed to push through its spectrum sale to Reliance Jio due to legal hurdles.

II. The battle between Ericsson and RCom started when the Swedish company moved a bankruptcy court in 2017, alleging that it had not been paid dues of around Rs 1,500 crore after signing a seven-year deal in 2013 to operate and manage the telco’s nationwide network.