UK court orders Anil Ambani to pay $717 million to Chinese banks within 21 days
NEW DELHI: A UK court on Friday directed Reliance Group chairman Anil Ambani to pay nearly $717 million to three Chinese banks pursuing the recovery of funds owed to them as part of a loan agreement within 21 days. At a remotely held hearing, in line with procedures in place for the Covid-19 pandemic, Justice […]
Chinese banks demand $2.1 billion from embattled Anil Ambani’s firm
By PR Sanjai NEW DELHI: Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from embattled tycoon Anil Ambani’s Reliance Communications Ltd., that slid into bankruptcy earlier this year. State-owned China Development Bank, with loans worth Rs. 9,860 crore ($1.4 billion) was the biggest creditor to the […]