Anil Ambani ordered by SC to clear Rs 453cr dues or face jail
NEW DELHI: Anil Ambani, chairman of Reliance Communications (RCom), has been ordered by Supreme Court on Wednesday to pay Rs 453 crore dues to Ericsson India or face three month jail term.
The direction of the court came while hearing a contempt petition of Ericsson India on payment of dues.
The apex court has also fined Ambani and two directors of the company Rs 1 crore each. These two directors also face the jail term.
[February 20, 2019, NewsBits.in]