Search result for Reliance Communication
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• In January 2018, the personal guarantee issued by Anil Ambani was revoked by the SBI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...
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...