Pay Ericsson Rs 453 crore or face 3-month jail: SC to Anil Ambani

Anil Ambani addressing Reliance capital annual general meeting at Birla Matoshri on Tuesday. Express photo by Prashant Nadkar, Mumbai, 21/07/2009

A bench of justices R F Nariman and Vineet Saharan pronounced the verdict after Ericsson dragged Anil Ambani to court after RCom failed to clear its dues despite having given an undertaking, according to the petitioner’s counsel, to pay the amount.

The Supreme Court Wednesday held Reliance Communications (RCom) Chairman Anil Ambani guilty of contempt of court for not honouring the undertaking given to the court to pay Rs 550 crores to Swedish telecom firm Ericsson.


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