Mukesh Ambani rescues tax payment Anil Ambani said, thank you||AllBestNews||

Mukesh Ambani rescues tax payment Anil Ambani said, thank you

Reliance Communications had to pay this within the deadline till Tuesday fixed by the Supreme Court.

Reliance Communications (RCom) has paid Rs 550 crores to Ericsson, a Swedish telecommunications equipment company. But he paid these money with his elder brother Mukesh Ambani. If the company fails to do so, RCOM chairman Anil Ambani could have been sentenced to 3 months in jail. For this, Big Brother Mukesh Ambani came forward for help.

Anil Ambani thanked his elder brother Mukesh Ambani for his help in trouble. He said that thanks to brother Mukesh Ambani and sister-in-law Neeta for help at the right time to repay the loan after the Supreme Court order.

Indeed, Reliance Communications had to pay this within the deadline till Tuesday fixed by the Supreme Court. During the hearing of this case last month, the Supreme Court had given it a deliberate no-objection case and Anil was convicted of contempt of the court.

After which the court ordered the company to either pay Ericsson dues within four weeks or to suffer the imprisonment of Ambani for three months. A source associated with the development said that RCOM has paid Ericsson Rs 550 crores as per the Supreme Court directive.

However, its official statement has not yet been given on behalf of Reliance Communications (RCom). At the same time, Ericsson has not received any response in this regard.

Significantly, the Supreme Court had given time till March 19 to pay RCom If the company fails to do so, then Anil Ambani can be jailed for three months. RCom had earlier paid Ericson Rs 118 crore.

At the same time, Reliance Capital of Anil Ambani Group has decided to sell stake in Reliance Nippon Life Asset Management and Reliance General Insurance to repay debt. The company said, 50 percent of the total debt will be reduced by selling some of the properties other than the main business and 43 percent in Reliance Nippon and 49 percent in Reliance General Insurance.