The high court said there was no impediment if the confidential club was created and access to the documents would be limited by adopting an eight-point procedure.
Competition from China's Huawei and Finland's Nokia as well as weak emerging markets and falling spending by telecoms operators has hurt Ericsson while demand for next-generation 5G technology is still several years away.
RCom plans to manage its services internally going forward. The company's staff strength will now be 9,500 with the additional workforce.
Ericsson has been hit hard by competition from China's Huawei and Finland's Nokia as well as weak emerging markets and falling spending by telecoms operators, with demand for next-generation 5G technology still years away. Its shares have almost halved in value in the past two years.
Trillions of dollars in sales are at stake as regulators ponder whether a fridge maker should pay a different rate for crucial patents than a carmaker, or whether a flat, fixed rate would be fairer.
RCom will file its reply to Ericsson's petition before the next hearing and the former will be heard in the National Company Law Tribunal (NCLT) on October 6, according to CNBC TV18 reports.
Ericsson has also filed similar petitions against RCom subsidiaries, Reliance Infratel and Reliance Telecom, for recovery of Rs 534.75 crore and Rs 129.34 crore, respectively, the filing added.
Ericsson said in July it would accelerate measures to meet a target of doubling its 2016 underlying operating margin of 6 percent and that it aimed to reach an annual cost reduction run rate of at least 10 billion crowns ($1.2 billion) by mid-2018.
Hit by a decline in networks and software sales, Ericsson's net loss in the period was 1 billion kronor (USD 120 million), a marked deterioration from last year's equivalent of a 1.6 billion-kronor profit. Overall sales slumped 8 percent to 50 billion kronor.
The company has slashed jobs and accelerated cost cuts while shares have lost roughly a third of their value in the past two years, with some investors fearing plans rolled out by new CEO Borje Ekholm will not be enough to generate growth.
Ericsson had said in 2014 it would diversify so that by 2020 up to 25 percent of revenue would come from industries beyond telecoms. But the plan has not worked and and the compnay will focus on the core business of mobile networks.
An aggressive push by the telcos and mobile phone companies is likely to result in higher demand for mobile data with pricing becoming affordable.
Ericsson shares have fallen close to 40 percent in the past two years as the firm has been hit by a drop in spending by telecoms firms - with demand for next-generation 5G technology still years away - and weak emerging markets.
Asked if it has seen any dent to the pricing power while negotiating deals with the telcos, he said the company sees continued investments and operators continue to be interested in modernising and increasing capacities.
Telecom gear maker Ericsson has signed an agreement with IIT Delhi to jointly work on a programme for 5G technology development in India.
Ericsson said in a statement it would write down assets in the first quarter, with an estimated impact on operating income of 3-4 billion crowns ($342-$456 million). It estimated restructuring charges would amount to 6-8 billion crowns in 2017, of which it would book 2 billion in the first quarter.
Telecom equipment maker Ericsson has deployed a solution for newcomer Reliance Jio that will allow faster onboarding and quality service for customers.
Speaking at a news conference ahead of the Mobile World Congress in Barcelona, Suri also predicted a new wave of industry consolidation among telecom operators in the US and Indian markets in the course of 2017.
The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring "enough competition but not fragmentation of spectrum", Telecom Secretary J S Deepak said.
Nokia and its rivals, Sweden's Ericsson and China's Huawei have struggled recently as demand for faster 4G mobile broadband equipment has peaked and the move to the next-generation 5G networks are still years away.
Global ICT firm Ericsson today said it is willing to extend helping hand to mentor start-ups in India.
The Swedish company said it expected there will be 6.8 billion smartphone subscriptions globally by the end of 2022, up from 3.9 billion in 2016.
Ericsson shares, which have slumped 44 percent this year, rose 3.7 percent on Thursday after the Swedish firm gave a new outlook that was less bearish than some analysts had expected and said its Cisco partnership was gaining momentum.
Vestberg served as Ericsson CEO for seven years. He stepped down from the company in July 2016 after Ericsson declared 11 per cent decline in sales in the second quarter result.
Ekholm's appointment comes three months after Hans Vestberg was ousted in late July as CEO following months of criticism over his leadership and pay, and over the firm's slow response to deteriorating market conditions and fiercer competition from Nokia and Huawei.