SRINAGAR: Supreme Court today held Reliance Group Chairman Ambani and its two directors guilty of contempt.
The case revolves around Reliance not willfully paying Rs 550 crore to Ericsson, even after they filed three contempt pleas.
The Supreme Court asked Anil Ambani and two directors to pay Rs 453 crore to Ericsson India within four weeks. On failing to pay the amount, a jail term of three months will follow.