Manpreet Romana / Sajjad Hussain / AFP FILES / AFP
Industrialist Anil Ambani has thanked his brother Mukesh for ensuring he didn’t have to do any jail time.
Mukesh, one of India’s richest men, has paid back Swedish telecom giant Ericsson INR 458 crores (over $77 million) a day before a Supreme Court deadline.
"My sincere and heartfelt thanks to my respected elder brother, Mukesh, and (sister-in-law) Nita for standing by me during these trying times, and demonstrating the importance of staying true to our strong family values by extending this timely support," a statement from Anil Ambani read.
Last month, the top court had ordered Anil's debt-hit Reliance Communications to pay Ericsson its dues within four weeks or face a three-month jail term for contempt of court.
The brothers have been caught in a bitter feud after their father, Dhirubhai Ambani, died without leaving a will in 2002.
More from International News
Oman amongst winners of global Earthshot prize
Prince William announced five winners of the 2022 Earthshot Prize – entrepreneurs and innovators spearheading ground-breaking solutions to repair and regenerate the planet.
No threat of Tsunami after quake hits West Java
A quake of 6.1 magnitude hit Indonesia's West Java area on Saturday, the country's geophysics agency BMKG said, sending people running out of buildings.
Attempt to take Banksy art in Ukraine
A group of people tried to take a mural by graffiti artist Banksy in Ukraine on Friday by cutting it off a battle-scarred wall where it was painted, the governor of Kyiv region said.
G7 agree price cap on Russian oil exports
Russia said it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports.
Countries spilt on plastics treaty focus
The first round of negotiations on a global plastics treaty ended on Friday with agreement to end plastic pollution but a split on whether goals and efforts should be global and mandatory, or voluntary and country-led.