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  • R-Infra to get Rs 7,100 crore from DMRC post SC ruling; defence manufacturing new engine of growth: Anil Ambani Sep 14, 2021 09:28 PM IST

    R-Infra to get Rs 7,100 crore from DMRC post SC ruling; defence manufacturing new engine of growth: Anil Ambani

    The company has an additional Rs 15,000 crore of claims pending before various forums, Ambani said.

  • When billionaires lose a zero or two Jul 04, 2021 07:49 AM IST

    When billionaires lose a zero or two

    In the rarified world of big business, a billion gained or two lost hardly makes news. But when those numbers spike dramatically, we are reminded of the adage: what goes up doesn’t always stay up!

  • Authum Investment and Infrastructure emerges as highest bidder for Reliance Home Finance Jun 20, 2021 09:14 PM IST

    Authum Investment and Infrastructure emerges as highest bidder for Reliance Home Finance

    Retail disbursements of Reliance Home Finance had plunged amid tightening liquidity following the collapse of Infrastructure Leasing & Financial Services in 2018.

  • Reliance Power board approves fundraising up to Rs 1,325 crore through preferential issue Jun 13, 2021 06:45 PM IST

    Reliance Power board approves fundraising up to Rs 1,325 crore through preferential issue

    The Board of Directors of Reliance Power gave their assent to the proposed plan of preferential allotment of up to 59.5 crore equity shares to group company Reliance Infrastructure Limited.

  • Reliance Infra board approves plan to raise Rs 550 crore through preferential issue Jun 06, 2021 07:35 PM IST

    Reliance Infra board approves plan to raise Rs 550 crore through preferential issue

    At the meeting of Board of Directors held on June 6, the proposal of preferential allotment of equity shares to promoters and Värde Investment Partners, LP was approved.

  • Delhi HC restrains RInfra from stake sale in BSES Yamuna and Rajdhani, securing dues claimed by Shanghai Electric Jan 19, 2021 10:16 PM IST

    Delhi HC restrains RInfra from stake sale in BSES Yamuna and Rajdhani, securing dues claimed by Shanghai Electric

    RInfra, as part of the strategy to offload its debts, was targeting to sell the stakes in BSES Yamuna and Rajdhani power distribution company (discom) in Delhi.

  • Lenders extend ICA for Reliance Home Finance resolution till March 31 Dec 29, 2020 01:52 PM IST

    Lenders extend ICA for Reliance Home Finance resolution till March 31

    Reliance Home Finance, part of Anil Ambani-promoted Reliance Group, recently got bids from six suitors as part of the debt resolution process.

  • US-based Oaktree, JC Flower, 6 suitors in fray to buy debt-ridden Reliance Capital Dec 02, 2020 09:17 PM IST

    US-based Oaktree, JC Flower, 6 suitors in fray to buy debt-ridden Reliance Capital

    December 1 was the last date for submission of EOIs for the stake sale and in all 60 different bids have been received by SBI Capital Markets and JM Financial Services, the advisors to the lenders.

  • Delhi HC seeks Centre, SBI stand on Anil Ambani plea to include Chinese banks in insolvency proceedings Oct 12, 2020 07:18 PM IST

    Delhi HC seeks Centre, SBI stand on Anil Ambani plea to include Chinese banks in insolvency proceedings

    The high court also said that the moratorium on recoveries from sale of Ambani’s assets, as provided under section 96 of the Insolvency and Bankruptcy Code (IBC), would remain in operation for now.

  • Anil Ambani tells UK court he leads disciplined, not lavish lifestyle Sep 26, 2020 06:56 PM IST

    Anil Ambani tells UK court he leads disciplined, not lavish lifestyle

    The 61-year-old former billionaire appeared via videolink from Mumbai before the High Court on Friday for compulsory cross-examination in aid of an asset disclosure order obtained by the Industrial and Commercial Bank of China Ltd Mumbai Branch, China Development Bank and Exim Bank of China.

  • Delhi HC stays IBC proceedings against Anil Ambani in Rs 1,200 crore loan default case Aug 27, 2020 01:37 PM IST

    Delhi HC stays IBC proceedings against Anil Ambani in Rs 1,200 crore loan default case

    Anil Ambani earlier moved the Delhi High Court against the appointment of a resolution professional (RP) on the personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from SBI.

  • NCLT order on SBI-ADAG case: Banks target personal guarantees to chase high-profile loan defaults Aug 21, 2020 07:28 PM IST

    NCLT order on SBI-ADAG case: Banks target personal guarantees to chase high-profile loan defaults

    Indian lenders after burning their fingers in the Vijay Mallya-Kingfisher Airlines case have been aggressive in chasing loan defaulters in cases where there is a personal guarantee by promoters.

  • Rs 1200-crore loan default case: NCLT allows appointment of RP in SBI’s case against Anil Ambani Aug 21, 2020 12:38 PM IST

    Rs 1200-crore loan default case: NCLT allows appointment of RP in SBI’s case against Anil Ambani

    A spokesperson of Anil Ambani has said the company is reviewing the NCLT order and taking advice on filing appropriate appeal against appointment of RP.

  • NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore Jun 30, 2020 07:27 PM IST

    NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore

    The public sector lender had approached the tribunal under Section 97(3) of the Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional (RP) to assess and submit a report on the assets owned by Ambani.

  • Reliance Infra will be debt-free in FY21: Anil Ambani Jun 23, 2020 09:10 PM IST

    Reliance Infra will be debt-free in FY21: Anil Ambani

    In 2018, the company sold its Mumbai energy business to Adani Transmission for nearly Rs 18,800 crore, which reduced its debt to nearly Rs 7,500 crore.

  • RCom loans: Anil Ambani claims no personal guarantee given to three Chinese banks Jun 23, 2020 05:59 PM IST

    RCom loans: Anil Ambani claims no personal guarantee given to three Chinese banks

    Speaking at the annual general meeting of group company Reliance Infrastructure (RInfra), Ambani said he had only signed 'a power of attorney limited to executing a non-binding letter of comfort to the Chinese banks' when the now-bankrupt RCom borrowed money in 2012.

  • ADAG's entire exposure to Yes Bank fully secured: Anil Ambani to ED Mar 19, 2020 07:47 PM IST

    ADAG's entire exposure to Yes Bank fully secured: Anil Ambani to ED

    He reportedly told ED officials that all transactions between ADAG and Yes Bank are in compliance with the law and financial regulations.

  • Yes Bank: Anil Ambani appears before ED in Mumbai Mar 19, 2020 10:32 AM IST

    Yes Bank: Anil Ambani appears before ED in Mumbai

    The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA).

  • Yes Bank: ED summons Anil Ambani Mar 16, 2020 09:41 AM IST

    Yes Bank: ED summons Anil Ambani

    They said Ambani has been asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are one among the big entities whose loans went bad after borrowing from the crisis-hit bank.

  • Reliance Home Finance defaulted on loan repayment of Rs 40 crore in February: Regulatory filing Mar 11, 2020 08:00 AM IST

    Reliance Home Finance defaulted on loan repayment of Rs 40 crore in February: Regulatory filing

    "However the delay in debt servicing is due to prohibition on the company to dispose off, alienate, encumber either directly or indirectly or otherwise part with the possession of any assets, pursuant to order dated November 20, 2019 passed by the Delhi High Court," it said.

  • Anil Ambani directed to pay $100 million by UK Court: Report Feb 07, 2020 10:43 PM IST

    Anil Ambani directed to pay $100 million by UK Court: Report

    A lawsuit was put forward by three state-controlled Chinese banks that claimed they loaned $925 million to Ambani’s Reliance Communications in 2012 provided that Ambani could personally guarantee the debt.

  • Anil Ambani claims net worth is zero: Report Feb 07, 2020 08:16 PM IST

    Anil Ambani claims net worth is zero: Report

    The report noted that the lawsuit was put forward by three state-controlled Chinese banks that claimed they loaned $925 million to Ambani’s Reliance Communications in 2012 provided that Ambani could personally guarantee the debt.

  • UK High Court to set terms in Chinese banks' claim against Anil Ambani Feb 07, 2020 09:36 AM IST

    UK High Court to set terms in Chinese banks' claim against Anil Ambani

    The Industrial and Commercial Bank of China Ltd Mumbai Branch, on behalf of itself, China Development Bank and Exim Bank of China, had sought summary judgment against Ambani over an alleged breach of a personal guarantee on a debt refinancing loan of around USD 925 million in February 2012.

  • Reliance Home Finance seeks lenders nod to pay bondholders next month Dec 19, 2019 08:17 AM IST

    Reliance Home Finance seeks lenders nod to pay bondholders next month

    The company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a restraint placed by the lenders as it is undergoing is a bank-led resolution process. The instruments are maturing on January 3 and 15.

  • UK High court dismisses Chinese bank $680 mn claim against Anil Ambani Dec 16, 2019 07:32 PM IST

    UK High court dismisses Chinese bank $680 mn claim against Anil Ambani

    Ambani contested the proceedings and put up a strong legal defence, and will continue to contest the proceedings and seek leave to defend, without any conditions as to making of deposits or payments being imposed, the statement said.

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