Pay Rs 453 crore in 4 weeks to Ericsson or face jail: Supreme Court to Anil Ambani
New Delhi : The Supreme Court Wednesday held RCom chairman Anil Ambani guilty of contempt of court for wilfully violating its order and not paying its dues of Rs 550 crore to Telecom equipment maker Ericsson.
The apex court held that the RCom chairman and Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani breached the undertaking given to the apex court and the related orders.
The apex court said the RCom chairman and others will have to purge the contempt by paying Rs 453 crore to Ericsson in 4 weeks.
A bench comprising of Justices RF Nariman and Vineet Saran said if the contemnor failed to make the payments within the specified period, they they will undergo a jail term of three months.
The apex court also directed Reliance Telecom and Reliance Infratel to pay Rs 1 crore each in four weeks to the apex court's registry or the chairman will have to go additional jail term of one month.
It directed that Rs 118 crore already deposited by Reliance Group in the apex court's registry be disbursed to Ericsson.
"From the undertakings given by Reliance Group's top brass, it appears they have wilfully not paid the amount to Ericsson despite orders," it said.
The apex court specified that any unconditional apology given by Reliance needs to be rejected as they have breached the undertaking and order.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bengaluru: Theives attempt to steal parked bus, end up crashing it
Bengaluru: A major accident was averted on late Saturday night in Anekal, a suburb of Bengaluru, after a group of men allegedly attempted to steal a parked bus, causing damage to the front portion of the vehicle.
According to the police, the bus had been parked along Thali Road in Anekal after the driver left the spot.
ALSO READ: Chamrajnagar: Woman arrested for selling ganja atop Male Mahadeshwara Hills
Taking advantage of the situation, four allegedly intoxicated men tried to steal the bus by tampering with its wiring. However, they lost control of the vehicle, which rammed into two electric poles.
Alert residents intervened, stopped the bus, and apprehended one of the accused, who was later handed over to the police. The remaining three suspects managed to flee the scene.
Anekal police have registered a case and launched an investigation.
