Issue of Contempt Notice to Anil Ambani by SC over Ericsson Dues

New Delhi: The Supreme Court today issued a contempt notice against Anil Ambani, the Chief of Reliance Communications (RCom) for not complying with its order to clear dues of Rs. 550 crore to Swedish telecom gear maker Ericsson.

The RCom agreed to deposit Rs 118 crore but Ericsson refused to accept it. Thereafter the RCom was directed by the Apex Cout to deposit the amount in the registry and it provided Anil Ambani four weeks time to give reasons as to why the contempt proceedings should not be initiated against him.

RCom yesterday had accused Ericsson, of attempting media trial and sensationalising the issue of dues recovery, saying it might put interest of even secured lenders at risk.

The telecom firm, however, said it remains committed to clear dues of Ericsson from spectrum realisation. However, the approval for the same is pending with the government.

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Odisha Story Bureau
A team of young journalists headed by Subhransu Panda, founder-editor of Odisha's leading news portal and magazine Odisha Story. Mail: editor@odishastory.com
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