Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Supreme Court Orders Anil Ambani To Be Present In Court Tomorrow

Equitypandit_AnilAmbani

The Supreme Court has instructed Anil Ambani along with two other to remain present in the court tomorrow as the apex court adjourned today’s hearing on the contempt plea filed by Ericsson India against Reliance Communication Ltd. Chairman Anil Ambani and others for allegedly not clearing its dues worth Rs 550-crore.

The two other parties named in the contempt plea beside Ambani are Reliance Telecom Ltd. Chairman Satish Seth and Reliance Infratel Ltd. Chairperson Chhaya Virani. The two-judge bench headed by Justices RF Nariman and Vineet Saran will hear the matter tomorrow in the post-lunch session.

News agency ANI tweeted, “Reliance Communication (RCom) chairman Anil Ambani leaves from Supreme Court after appearing before it in a contempt petition filed by Ericsson India over not clearing its dues of Rs 550 crore after selling its assets to Reliance Jio. He will appear before SC again tomorrow.”

Senior advocate Dushyant Dave while appearing for Ericsson India during the brief hearing said that there has been a gross violation of apex court’s two earlier orders and RCom has not paid any outstanding dues.

Read EquityPandit’s Technical Analysis Of Nifty

Get Daily Prediction & Stocks Tips On Your Mobile