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SC refuses to resume bankruptcy case against Anil Ambani
short by Krishna Veera Vanamali / on Friday, 18 September, 2020
The Supreme Court on Friday rejected SBI's petition to allow a personal bankruptcy case against Anil Ambani to resume in connection with a ₹1,200-crore personal guarantee that he had given to the bank for loans to his companies. It directed the Delhi High Court to decide on Ambani's challenge to certain provisions of the Insolvency and Bankruptcy Code.
read more at Bloomberg Quint