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.
Trump appears on National Mall for July 4 speech after storm-related delay
Qatar says all maritime activities will resume immediately
St. Petersburg region port, oil terminal hit in Ukrainian drone attack
Thousands protest in Germany as far-right AfD sets sights on power
Trump extols America, rails at communism in US 250th celebration
Zelenskyy denies Russian capture of key eastern city Kostiantynivka
Keiko Fujimori declared winner of Peru presidential race
Ukrainian rescuers clear rubble as Kyiv mourns 30 killed in Russian attack
