SBI VS ANIL AMBANI: NCLT MUMBAI PERMITS INITIATION OF BANKRUPTCY PROCEEDINGS

Highlights

• The SBI had given loans of Rs 565 crore and Rs 635 crore to Reliance Communications and RTIL respectively in August 2016

• In January 2018, the personal guarantee issued by Anil Ambani was revoked by the SBI

• As per the order, a Resolutio...

INVESTORS BET ON ANIL AMBANI'S RELIANCE INFRA: STOCKS SEE 17% JUMP IN 3 DAYS

Highlights

• On Friday, the stocks of Reliance Infrastructure are trading at Rs 35.15 per share 

• In the AGM of the company, Anil Ambani had stated that Reliance Infrastructure will become debt-free by the end of FY21

• At present, the promoters ...

ANIL AMBANI: RELIANCE INFRA WILL BE DEBT-FREE BY FY21

Highlights

• Reliance Infrastructure has debts of over Rs 6,000 crore

• Anil Ambani said the road toll collection has reached 75 percent of pre-COVID-19 period and will achieve 100 percent in coming few weeks

• Reliance Infrastructure has assets worth ...

SBI VS ANIL AMBANI: FORMER MOVES NCLT TO RECOVER AMBANI'S PERSONAL GUARANTEE

Highlights

• SBI wants to claim Anil Ambani's personal assets before the international creditors get hold of them

• Previously a UK court had directed Anil Ambani to pay $717 million to three Chinese lenders

• As per the spokesperson of Anil Ambani...

Disaster protection Corp of India increases 2018-19 provisioning by 30%

MUMBAI: State-claimed Life Insurance Corp of India (LIC) has raised arrangements for suspicious resources by 30% to Rs 23,760 crore for the year finished March, it said in its just-discharged yearly report. This came in the wake of looking into resource quality and the exhibition of interests in ...