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You gave personal guarantee, pay ₹5,400cr to Chinese banks: Court to Anil Ambani
short by Krishna Veera Vanamali / on 23 May 2020,Saturday
A London judge ordered Anil Ambani to pay $717 million (₹5,440 crore) to three Chinese banks within 21 days following a dispute over defaulted loans. Ambani, who claimed his net worth is "zero", offered personal guarantee on the banks' loans to Reliance Communications in 2012, he ruled. Ambani had said he never gave a guarantee tied to his personal assets.
short by Krishna Veera Vanamali / 09:47 am on 23 May
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