Motilal Oswal
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Motilal Oswal
Telecom

RCom-Ericsson case: Supreme Court holds Anil Ambani guilty of contempt

Updated : February 20, 2019 02:17 PM IST

The court has directed Reliance Communications to pay balance payment of Rs 450 crore to Ericsson in four weeks.
If Rcom fails to make the payment within four weeks, Anil Ambani will be sent to jail for a period of three months.
The court has also slapped a penalty of Rs 1 crore on Anil Ambani.
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