Anil Ambani Guilty Of Contempt; Pay Up Or Go To Jail: Says SC
The Supreme Court on Wednesday held Reliance Communication Chairman Anil Ambani and two more directors guilty of contempt of court in a petition filed by Ericsson India against him over non-payment of dues worth over Rs 550 crore. The other two directors who have been found guilty include Reliance Telecom Chairman Satish Seth and Reliance Infratel Chairperson Chhaya Virani. In its judgement, the Supreme Court said that Anil Ambani and the two directors had to pay Rs 453 crore to Swedish telecom maker Ericsson India in four weeks, failing which they…
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