Industrialist Anil Ambani has been held guilty of contempt of the Supreme Court, which said today that he will go to jail for three months if he doesn't pay Rs. 450 crore to Ericsson within four weeks. The top court tore into the Reliance Group chairman for a "cavalier attitude" and asked him to pay Rs. 1 crore to the Supreme Court registry. "Anil Ambani and others breached their undertaking," the court said, calling it "willful disobedience" of its order.
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Wednesday, February 20, 2019
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