Supreme Court Holds Anil Ambani Guilty of Contempt, 3-Month Jail to Follow if Ericsson Not Paid in 4 Weeks

The Supreme Court on Wednesday held industrialist Anil Ambani and Reliance Communication guilty of contempt for breaching undertakings to clear outstanding dues to Ericsson India.

Ambani and directors of the group companies, however, escaped the jail term since the court said that the contempt can be purged by making clear the dues within four weeks, along with an interest.

A bench headed by Justice Rohinton F Nariman ordered Ambani and the RCom companies to pay up Rs 453 crore with interest within four weeks. It added that the contemnors will suffer a jail term of three months and an additional penalty of Rs 1 crore if they fail to make the payment in four weeks.…

https://www.news18.com/news/india/supreme-court-holds-anil-ambani-guilty-of-contempt-3-month-jail-to-follow-if-ericsson-not-paid-in-4-weeks-2042405.html

SEE ALSO:

• Ericsson case: Clear dues or face jail, Supreme Court tells Anil Ambani (Feb 20, 2019, Times of India)
  https://timesofindia.indiatimes.com/business/india-business/ericsson-case-clear-dues-or-face-jail-supreme-court-tells-anil-ambani/articleshowprint/68074522.cms
• The call Anil Ambani never got from Jio (Feb 21, 2019, Economic Times)
  https://economictimes.indiatimes.com/industry/telecom/telecom-news/the-call-anil-ambani-never-got-from-his-billionaire-big-brother/printarticle/68092035.cms
• Supreme Court to consider early hearing request for review of Rafale ruling (Feb 21, 2019, Hindustan Times)
  https://www.hindustantimes.com/india-news/sc-agrees-to-consider-early-hearing-on-pil-for-review-of-rafale-verdict/story-96lEXXQsa4757i8N47kMNN.html
• Saradha Scam: SC Judge Recuses Himself from CBI Plea on ‘Obstruction’ by West Bengal Govt (Feb 20, 2019, News18.com)
  https://www.news18.com/news/india/saradha-scam-sc-judge-recuses-from-hearing-cbi-plea-on-obstruction-by-west-bengal-govt-2042489.html