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  • 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.

  • Anmol, Anshul Ambani join Reliance Infra board as directors Oct 09, 2019 09:29 PM IST

    Anmol, Anshul Ambani join Reliance Infra board as directors

    Anmol (27) is already overseeing the financial services business Reliance Capital, since he joined its board in August 2016.

  • Reliance Infrastructure to cut debt further, to be capital-light: Anil Ambani Sep 30, 2019 05:40 PM IST

    Reliance Infrastructure to cut debt further, to be capital-light: Anil Ambani

    Addressing the shareholders at the AGM, chairman Anil Ambani also said the group's defence businesses will also follow an asset- and capital-light model.

  • Reliance Capital won’t lend anymore, Anil Ambani blames rumour mongering for decline of the NBFC Sep 30, 2019 12:32 PM IST

    Reliance Capital won’t lend anymore, Anil Ambani blames rumour mongering for decline of the NBFC

    Ambani said factors like rumour mongering and reckless selling in the last six months caused collateral damage in his NBFC

  • Nippon Life Insurance raises stake in RNAM to 54% Aug 21, 2019 03:59 PM IST

    Nippon Life Insurance raises stake in RNAM to 54%

    Nippon Life floated open offer to acquire nearly 22.49 percent stake in RNAM for Rs 3,179 crore under a deal with Reliance Capital which is exiting the mutual funds business.

  • NCLAT dismisses contempt petition against Anil Ambani over RCom payment default Jul 23, 2019 04:05 PM IST

    NCLAT dismisses contempt petition against Anil Ambani over RCom payment default

    A two-member bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

  • Anil Ambani to sell or lease out Mumbai headquarters, in talks with Blackstone, US-based fund: Report Jul 01, 2019 11:46 AM IST

    Anil Ambani to sell or lease out Mumbai headquarters, in talks with Blackstone, US-based fund: Report

    The company aims to monetise its real estate in order to generate cash to pay off its debt obligations following the ratings downgrade of its group companies

  • PWC resigns as statutory auditor of Reliance Capital and Reliance Home Finance Jun 12, 2019 11:50 AM IST

    PWC resigns as statutory auditor of Reliance Capital and Reliance Home Finance

    PWC has put in its resignation, with effect from June 11, 2019, citing unsatisfactory response to "certain observations" made by it as a part of the ongoing audit for fiscal 2018-19, the two companies said in their respective regulatory filings to stock exchanges.

  • Reliance Group committed to meet all future debt obligations: Anil Ambani Jun 11, 2019 12:46 PM IST

    Reliance Group committed to meet all future debt obligations: Anil Ambani

    Ambani pointed out during last 14 months, lenders from all categories had provided zero net additional liquidity or debt to any entity of the Reliance Group

  • Anil Ambani to withdraw Rs 5,000-crore defamation suits against Congress: Report May 21, 2019 05:50 PM IST

    Anil Ambani to withdraw Rs 5,000-crore defamation suits against Congress: Report

    The suits were being heard in the court of city civil and sessions judge P J Tamakuwala.

  • Government says no link between Reliance tax relief in France and Rafale jet deal Apr 14, 2019 09:30 AM IST

    Government says no link between Reliance tax relief in France and Rafale jet deal

    Alexandre Ziegler, France's ambassador to India, said a global settlement was reached between French authorities and Reliance FLAG in a tax dispute.

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