Ericsson case: SC tells Anil Ambani to pay Rs 453 crore

The Supreme Court on Wednesday held RCom Chairman Anil Ambani as guilty of contempt for breaching the undertaking given to the court to pay Rs 550 Cr to Ericsson.

The court said the Ambani’s company could purge contempt by paying the remaining sum of Rs 453 Cr within four weeks or he, along with two other directors suffer three months imprisonment and one Cr fine each.

A bench of Justices R F Nariman and Vineet Saran said we have seen the narrations in their affidavit which disclosed that neither was willing to honour the undertaking given to the court.