Summary:
Anil Ambani guilty of contempt, clear dues or go to jail, says Supreme CourtNew Delhi: Reliance Group Chairman and Industrialist Anil Ambani have been held guilty of contempt by the Supreme Court along with two other directors of Reliance. Earlier a case was filed in the Supreme Court against Reliance by Ericsson India for not clearing its dues. The apex court stated that “Anil Ambani and others breached their undertaking,” calling it “willful disobedience” of its order that they should repay Ericcson. Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani are among the two directors who are held guilty in the case by the supreme court. Ericsson had argued before the court that while the Reliance Group had money to invest in the Rafale jet deal, they were unable to clear Rs..