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NCLT admits SBI plea for personal insolvency proceedings against Anil Ambani
The National Company Law Tribunal (NCLT) has admitted State Bank of India's plea to initiate personal insolvency proceedings against Anil Ambani. SBI seeks to recover over Rs 1,200 crore from Ambani as a personal guarantor for Reliance Communications' loans. The order raises questions about applying insolvency laws retroactively.
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newsbytesapp.com
NCLT accepts SBI's plea to initiate Anil Ambani's personal bankruptcy
Anil Ambani plans to challenge the NCLT's decision admitting SBI's plea for personal insolvency proceedings, marking a significant legal hurdle for the industrialist.
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economictimes.indiatimes.com
NCLT admits SBI plea for personal insolvency proceedings against Anil Ambani
The National Company Law Tribunal (NCLT) has admitted State Bank of India's plea to initiate personal insolvency proceedings against Anil Ambani. SBI seeks to recover over Rs…
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thehindubusinessline.com
NCLT admits insolvency pleas against Anil Ambani and RInfra arm over ₹1,480 crore dues
NCLT admits insolvency petitions against Anil Ambani and RInfra for ₹1,480 crore in dues from major lenders.