Pay dues to Ericsson or go to jail: SC to Anil Ambani

The Supreme Court on Wednesday held RCom chairman Anil Ambani and two others guilty of contempt of court for violating its order to pay dues of Rs 550 crore to Ericsson.

The apex court said they faced a three-month jail term if Rs 453 crore was not paid to the telecom equipment maker in four weeks.

The Supreme Court held that the RCom chairman as well as Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani had breached the undertaking given to the apex court and related orders.