NEW DELHI: The Indian Supreme Court on Wednesday found Industrialist Anil Ambani guilty of contempt for not paying dues to Ericsson AB, saying that the chairman of the Reliance Group will face a jail term if he doesn't pay Rs 453 crore to Swedish telecom equipment maker within four weeks.
The apex court has given Reliance Communications Ltd four weeks to clear the Rs 550-crore dues to Ericsson, which once supplied telecom network equipment to them. The court also said Ambani will face three months in prison if he fails to clear dues.
The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each. "Anil Ambani and others breached their undertaking," the court said, calling it "willful disobedience" of its order that they should repay Swedish telecom equipment maker Ericsson.
In a statement, a Reliance Communication Limited spokesperson said: "We respect the Supreme Court judgement. The RCOM Group shall comply with the same."
Rights groups, opposition parties denounce practise, saying it targets mostly poor Muslims
US airman was arrested in April 2023 and pleaded guilty in March this year to six federal counts
Federal government will announce new prices on November 15
Failure at COP29 to produce funding deal can result in countries offering weak climate plans, say negotiators
Elon Musk and Vivek Ramaswamy to co-lead newly created Department of Government Efficiency
In follow up letter, KP asks privatisation minister for update on its proposal to take over PIA
