BIG jolt for Anil Ambani! SC instructs the billionaire to pay Rs 453 crores, know the full story here

New Delhi, News24 Bureau, Feb 20: This comes as a big jolt for Reliance Communication chairman Anil Ambani who is allegedly already in the soup as his name is dragged in the Rafale Deal. The Supreme Court has instructed the industrialist to shell out Rs 453 Cr for contempt of court within one month or face jail.

 Supreme Court holds Reliance Communication chairman Anil Ambani and two directors guilty of contempt of court on a contempt plea filed by Ericsson India against him over not clearing its dues of Rs 550 crore.

Supreme Court says Anil Ambani and 2 directors have to pay Rs 453 Cr to Ericsson India within 4 weeks & if they fail to pay the amount, three months' jail term will follow. SC also imposed a fine of Rs 1 cr each on them, if not deposited within a month, 1-month jail will be awarded

The other two directors are Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani.

more details are awaited, keep reading.