NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy

NCLT admits SBI plea for personal insolvency proceedings against Anil Ambani

NCLT admitted SBI's personal insolvency plea against Anil Ambani over Rs 1,200 crore in 2016 guarantees. The retroactivity ruling expands creditor leverage: founder guarantees face enforcement under bankruptcy frameworks that didn't exist when pledged.