Showing posts with label Anil Ambani. Show all posts
Showing posts with label Anil Ambani. Show all posts

France denies political interference in tax relief to Anil Ambani

French newspaper Le Monde reported that France waived taxes worth 143.7 million euros to Anil Ambani's France-based telecom firm in 2015, months after PM Modi's announcement of India buying 36 Rafale jets.It said the settlement was not subject to any political interference whatsoever.

Prime Minister Narendra Modi had announced the procurement of a batch of 36 Rafale jets after talks with the then French President Francois Hollande on April 10, 2015 in Paris. The final deal was sealed on September 23, 2016.

Supreme Court Dismisses Two Staff Members For Trying To Protect Anil Ambani

The Supreme Court has summarily dismissed two court masters for allegedly tampering with its order directing personal appearance of Reliance Communications (RCom) chairman Anil Ambani, reported The Telegraph.

According to Nation Herald, Chief Justice of India Ranjan Gogoi as the administrative head of the court dismissed Manav Sharma and Tapan Kumar Chakraborty, who held the rank of assistant registrars. The court masters are responsible for taking down all orders dictated in the open court or in the judges’ chambers.

They were reportedly dismissed for tempering with the January 7 order passed by the bench of Justices RF Nariman and Vineet Saran that had directed personal appearance of Anil Ambani in the contempt petitions filed by the Swedish Telecom equipment maker Ericsson.

The bench had specifically made it clear that personal appearance is “not” dispensed with but the copy of the order uploaded in the official website of the top court stated personal appearance is dispensed with. The summons issued to Ambani also stated “personal appearance is dispensed with”.

However, the discrepancy was brought to the notice of the bench on January 10 by Dushyant Dave, senior counsel appearing for Ericsson. The bench headed by Justice Nariman was shocked to know about it. It reportedly clarified that it had specifically required the presence of Anil Ambani.

Economic times reports that e arlier this month, Reliance Communications commenced insolvency proceedingsthrough the National Company Law Tribunal. The former telecom major has nearly ₹450 billion in debts. In order to trim its debt burden, Ambani was hoping to secure a mammoth sale of spectrum assets to his brother Mukesh Ambani’s Jio. However, the deal was called off in December last year. As things stand, Reliance Communications is struggling to find buyers for its assets.