Ericsson case: Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks
Ericsson case Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks[/caption]
The court also imposed a fine of Rs 1 crore on RCom, Reliance Telecom Ltd and Reliance Infratel Ltd - in the case. An amount of Rs 118 crores is already submitted to the registry. The court directed to release this amount immediately.
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Ericsson case Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks[/caption]
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The Swedish telecom equipment maker Ericsson filed a complaint against Reliance Communications for not paying dues. The Supreme Court identified that RCom had “willfully” not paid Ericsson the due amount.
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Ericsson case Anil Ambani held guilty of contempt, to be jailed if he fails to pay Rs 453 crore in 4 weeks[/caption]
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Ericsson India had alleged that the Reliance Group has invested in Rafale jet deal, but didn’t clear the dues of Rs 550 crore. The Reliance Company denied the charge.
- PTC NEWS
