Ericsson case: SC declares Anil Ambani guilty of contempt of court and sentenced to prison time if he does not pay 453 Rs crore



[ad_1]

Economic time | A Times Internet Limited product

In a major setback for Anil Ambani, the Supreme Court today sentenced the Reliance group chairman and his two directors for contempt of plaintiff's plea of ​​guilty on behalf of telecom equipment maker Ericsson for n & # 39; He had not paid his debt of 550 crores. The court has asked Ambani to pay 453 billion crore to Ericsson in four weeks, failing which he would have to serve a three-month prison sentence.
► Subscribe to The Economic Times for the latest video updates. It's free! – http: //www.youtube.com/TheEconomicTim …

► More videos on ETTV – http://economictimes.indiatimes.com/TV

► http://EconomicTimes.com

► For new professionals on the move, download the ET application:
https: //etapp.onelink.me/tOvY/Economi …

Follow ET on:

► Facebook – https://www.facebook.com/EconomicTimes
► Twitter – http://www.twitter.com/economictimes
► LinkedIn – http: //www.linkedin.com/company/econo …
► Instagram – https://www.instagram.com/the_economi …
► Flipboard – https://flipboard.com/@economictimes

[ad_2]
Source link