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SC holds Anil Ambani guilty of contempt, give month to pay dues to Ericsson or face jail

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[vc_row][vc_column][vc_column_text]Reliance Communications (RCom) chairman Anil Ambani and two directors in his company were today (Wednesday, Feb 20) held guilty of contempt by the Supreme Court for failing to pay Rs 550 crore dues owed to Swedish telecom giant Ericsson despite court orders and their undertaking to the court.

A bench of justices RF Nariman and Vineet Saran asked Ambani and the two directors to pay Rs 453 crore to Ericsson within four weeks, failing which they would face three months’ jail term.

The court also imposed a fine of Rs 1 crore each on them and if the amount is not deposited within a month, then 1-month jail will be awarded. The other two directors are Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani.

It directed that Rs 118 crore already deposited by Reliance Group in the apex court’s registry be disbursed to Ericsson within a week.

The Court further held that the unconditional apology given by Reliance cannot be accepted, in light of its cavalier attitude towards the highest Court of the land.

RCom shares price dropped as much as 9.2 per cent to Rs 5.45 after the court order.

The court had reserved its judgment last week after hearing the two sides, during which senior advocate Dushyant Dave, representing Ericsson India in the case, had invoked the Rafale deal to target Ambani.

“They have money for Rafale. Somebody who is getting involved in every conceivable project has no money to pay Rs 550 crore to us and honour this Court’s order,” he told the bench. This was opposed vehemently by senior advocate Mukul Rohatgi, representing Anil Ambani

“To say that Anil Ambani gave a personal undertaking and that it was unconditional is a travesty of justice … It was conditional,” Rohatgi said. Rohatgi told the bench that the sale which was expected to net Rs 18,100 crore brought in only Rs 780 crore.

Dave submitted that this money from the sale was given to the Department of Telecommunications instead of Ericsson. Rohatgi replied that lenders had done this to keep the telecom licence alive as without that, there would be nothing.

He told the top court that with the failure of its assets sale deal with elder brother Mukesh Ambani-led Reliance Jio, Anil Ambani’s company has entered insolvency proceedings and is not in control of the funds.

RCom had told the court they had tried to move “heaven and earth” to ensure Ericsson gets its due but was unable to do so due to failure of assets sale deal with Jio.

However, the Supreme Court Bench slammed Ambani for his “cavalier attitude” and “wilful disobedience” of the court’s earlier orders to pay the dues Reliance Communication owed to Swedish telecom Ericsson company.

The court said it wasn’t sending Ambani to jail straight away, despite finding him guilty of contempt and willful disobedience of its orders because the bench felt that “the contempt can be purged by clearing the payments with interest.”

CJI Gogoi sacks two SC officials for changing order on contempt case against Anil Ambani

The Bench dismissed their “unconditional apology” for disobeying the orders of the highest court of the country.

“RCom had no intention to abide with the undertakings… Undertakings were false to the knowledge of the RCom and group companies. This amounts to contempt of court,” Justice Nariman said while reading out the judgment.

The contempt petition was filed by Ericsson, contending that Reliance had committed gross contempt by disobeying orders of the Supreme Court, which had directed it to pay Rs. 550 crores to Ericsson towards settlement of dues.

On August 3, the Supreme Court had ordered that the payment of Rs. 550 crore be made on or before September 30.

Subsequently, Reliance sought an extension of time for making the payment, which was allowed by the Supreme Court. On October 23, the Court said that as a “last opportunity”, it will allow Reliance to make the payment along with interest before December 15, 2018.

Before the expiry of the said date, Reliance once again filed an application for extension of the deadline, but the same was withdrawn on December 14 after it realized that the Court was not inclined to entertain the application.

Ericsson thereafter sought the initiation of contempt proceedings against Reliance Communications and Anil Ambani for violation of the Supreme Court orders of August 3 and October 23.

In the petition filed through advocate Bhargava V Desai, Ericsson had prayed that Anil Ambani, Chairperson of Reliance Communications, be detained in civil prison till the dues along with interest are cleared.[/vc_column_text][/vc_column][/vc_row]

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Vijay to take oath as Tamil Nadu Chief Minister after TVK secures majority

Actor-turned-politician Vijay is set to become Tamil Nadu Chief Minister after the Governor cleared the formation of a TVK-led government.

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Actor-turned-politician Vijay is set to take oath as the Chief Minister of Tamil Nadu after days of intense political negotiations following the Assembly election results.

The swearing-in ceremony is scheduled to take place on Sunday at Chennai’s Jawaharlal Nehru Indoor Stadium after Governor R. V. Arlekar cleared the formation of a government led by the Tamilaga Vettri Kazhagam (TVK).

TVK emerged as the single largest party in the 234-member Assembly but initially fell short of the majority mark. The party required support from additional legislators to cross the 118-seat threshold needed to form the government.

The breakthrough came after support from parties including the Viduthalai Chiruthaigal Katchi (VCK), Congress, CPI and CPI(M), helping Vijay stake a stronger claim before the Governor. Reports said the Governor held multiple rounds of discussions with Vijay before formally approving the oath ceremony.

The development marks a major political shift in Tamil Nadu, where Dravidian parties had dominated state politics for decades. Vijay’s TVK contested its first Assembly election and managed to emerge as a key force in the state.

Earlier uncertainty over the oath ceremony had triggered speculation after Raj Bhavan reportedly sought proof of majority support from the TVK leadership. Vijay met the Governor several times over the past few days amid efforts to secure backing from alliance partners and independent MLAs.

With the numbers now appearing to be in place, preparations for the swearing-in ceremony have intensified in Chennai ahead of Vijay formally taking charge as Chief Minister.

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PM Modi to visit Hyderabad in first Telangana trip since 2024 Lok Sabha victory

PM Modi will visit Hyderabad on May 10 in his first Telangana trip since the 2024 Lok Sabha elections and unveil projects worth over Rs 7,800 crore.

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Prime Minister Narendra Modi will visit Hyderabad on May 10 to launch and inaugurate projects worth over Rs 7,800 crore while addressing a major BJP public meeting in Secunderabad

Prime Minister Narendra Modi will visit Hyderabad on Saturday in his first trip to Telangana after returning to power for a third term following the 2024 Lok Sabha elections. The visit is expected to combine infrastructure announcements with a major political outreach programme ahead of upcoming local body elections in the state.

During the visit, the Prime Minister will inaugurate and lay foundation stones for multiple development projects collectively valued at around Rs 7,823 crore. Among the key projects is the integrated industrial smart city at Zaheerabad under the Hyderabad-Nagpur Industrial Corridor, being developed at a cost of Rs 2,360 crore across 3,245 acres.

PM Modi is also scheduled to inaugurate the PM MITRA Kakatiya Mega Textile Park in Warangal. The project, estimated at nearly Rs 1,695 crore, is expected to attract major investments and generate employment opportunities in the textile and apparel sector.

Railway, highway and petroleum infrastructure projects are also part of the programme. These include the third railway line between Kazipet and Vijayawada and national highway works in Mahabubnagar district. A petroleum storage and distribution terminal in Hyderabad is also expected to be inaugurated.

Apart from official engagements, the Prime Minister will visit HITEC City to inaugurate Sindhu Hospital and interact with healthcare professionals before addressing a large public gathering at Parade Grounds in Secunderabad organised by the BJP’s Telangana unit.

The BJP has planned an extensive mobilisation drive for the event and is expecting a crowd of nearly two lakh people. The meeting is being seen as an important political show of strength as the party prepares for the upcoming Greater Hyderabad Municipal Corporation elections.

Security arrangements have also been tightened ahead of the Prime Minister’s visit, with restrictions imposed on drones, paragliders and microlight aircraft in parts of Hyderabad and Secunderabad.

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Punjab minister Sanjeev Arora arrested by ED after raids in money laundering probe

Punjab minister Sanjeev Arora was arrested by the ED after raids at multiple premises linked to him in Chandigarh and Delhi-NCR under the PMLA.

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ED conducted searches at multiple locations linked to Punjab minister Sanjeev Arora before arresting him under the Prevention of Money Laundering Act

Punjab minister and AAP leader Sanjeev Arora was arrested by the Enforcement Directorate (ED) on Saturday after the agency carried out raids at premises linked to him in Chandigarh and the Delhi-NCR region.

According to officials, the searches were conducted under the Prevention of Money Laundering Act (PMLA), 2002. The ED reportedly raided four locations connected to Arora and his associates before taking him into custody from his official residence in Chandigarh’s Sector 2.

Arora, 62, is the Aam Aadmi Party MLA from Ludhiana West and currently serves as a minister in the Punjab government led by Chief Minister Bhagwant Mann.

Reports said this is the third time this year that the ED has conducted action linked to Arora. Earlier raids were also carried out in April and earlier this month as part of an ongoing investigation.

The arrest triggered strong political reactions from the Aam Aadmi Party. AAP convenor Arvind Kejriwal criticised the BJP-led Centre, alleging misuse of central agencies against opposition leaders. Punjab Chief Minister Bhagwant Mann also attacked the BJP, saying Punjab would not be intimidated by such actions.

Several reports linked the ED action to an alleged money laundering probe connected to suspected fake GST transactions worth around ₹100 crore. However, the ED has not yet released a detailed official statement publicly outlining all allegations against the minister.

The arrest comes amid heightened political tensions in Punjab, where opposition parties and the ruling AAP have repeatedly clashed over corruption allegations and the use of investigative agencies.

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