Ericsson files contempt of court against Anil Ambani

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Ericsson files contempt of court against Anil Ambani

Oct 02, 2018 15:37 IST

Ericsson has filed contempt of court petition against Anil Ambani in the Supreme Court. The Swedish telecom giant claimed that Reliance Communications failed to pay dues worth 550 crore rupees within it's deadline of which Chairman Anil Ambani was a guarantor. Reliance Communications on Friday sought a 60-day extension to clear the dues but Ericsson refused the request. Non-payment can see RCom being dragged to insolvency proceedings and nullify their spectrum sale to Jio.

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