Setback to Anil Ambani, SC asks him to pay Rs 453-crore to Ericsson or face 3-month jail term

In a big setback to Reliance Communication chairman Anil Ambani, the Supreme Court on Wednesday held him and two other directors of the company guilty of "contempt of court" and directed them to pay Rs 453 crore to Telecom equipment maker Ericsson within four months.

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