Anil Ambani Thanks Mukesh Ambani for Timely Support: In the month of February, the apex court held Mr. Ambani and two directors guilty of contempt of court, on a petition filed by Ericsson and Rejecting RCom’s unconditional apology, the two-judge bench had held that it had no intention of paying the money it owed Ericsson and set of March 19th as the deadline to make the payment, in order of failing which Anil Ambani would have to serve a jail term of three months and a day before the expiry of Supreme Court set deadline, Reliance Communications Monday on 18th RCom has made requisite payment of Rs 550 crore and interest thereon to Ericsson.
Anil Ambani thanked his brother, Reliance Industries Chairman Mukesh Ambani for timely support as Rcom announced that it has made the payment of Rs 550 crore to Ericsson. Anil Ambani’s words also suggest a burial of the bitter acrimony between the brothers, witnessed in the past. Since RCom had earlier deposited Rs 118 crore with the Supreme Court, An Ericsson spokesperson also confirmed that the telecom gear maker had received the full payment from the Reliance Communications on Monday. With this Monday’s payment, the debt-laden telco ends its 18-month long battle with Ericsson.
Tags: Anil Ambani Thanks Brother Mukesh Ambani for clears Rs 550 crore dues with Ericsson, Anil Ambani thanks Mukesh, Nita for helping pay off Rs 550 crore Ericsson debts