Ericsson case: Anil Ambani held guilty of contempt

In a big setback for Anil Ambani, the SC held Reliance Group chairman and its two directors guilty of contempt for willfully not paying Rs 550 crore to Ericsson. Ericsson had filed three contempt plea in the SC for not clearing its dues. A bench of Justices RF Nariman and Vineet Saran, however, asked RComNSE -5.83 % and Ambani to purge the contempt by paying Rs more