独家
将采取一切法律途径来恢复7.17亿美元,说中国银行安尼尔•安巴尼
三家中国银行表示,他们将寻求法律途径收回7.17亿美元(₹5306卢比)安尼尔•安巴尼的信实集团董事长被英国法院下令咯。
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BSNL测试本地4 g技术现场网络
开发的设备,远程信息技术开发中心和塔塔咨询服务公司(TCS)已经测试一个静态网络上同时处理1000万个电话。现场网络上测试成功之后,更广泛的推广将开始,公司的一名高级官员不愿透露姓名的说。
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安巴尼在法庭上说,他的费用是“最小”,他没有“奢华的生活”,不得不卖珠宝,以满足法律费用。
然而,周五的听证会后,联合声明中国工商银行(icbc),中国进出口银行中国国家开发银行读”,银行将使用信息从crossexamination追求所有可用的法律途径来保护他们的权利和恢复贷款余额欠他们。”
主管班克Thanki律师代表中国三,据说问巴尼是生活在一个免费的财产由他的哥哥,信实工业公司董事长穆凯什•安巴尼。据报道,安尼尔•安巴尼肯定的回答。
“我的费用最小和被(我)承担的妻子和家庭,”他说在第盘问他的金融手段。“我没有奢华的生活,没有其他收入。我遇到了法律费用的销售珠宝,如果我必须满足进一步的费用,(它)将受到法院批准处理的其他资产。”
6月29日,最高法院下令巴尼文件详细描述资产超过100000美元的证词。
就在周五听证会之前,安巴尼得到订单,他的财务文件不应该提供给第三方。虽然他也寻求被听到在私有财产,法院驳回请求。安巴尼几乎出席了听证会。
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<\/figure>Mumbai: Three Chinese banks<\/a> said they will pursue all legal routes to recover $717 million (\u20b95,306 crore) from Anil Ambani<\/a>, which the Reliance Group chairman was ordered to cough up by a UK court in May.Ambani<\/a> stated in court that his expenses are \u201cminimal,\u201d he doesn\u2019t have a \u201clavish lifestyle\u201d and has had to sell jewellery to meet legal expenses.
However, after Friday\u2019s hearings, a joint statement by Industrial and Commercial Bank of China<\/a>, Export-Import Bank of China and China Development Bank<\/a> read, \u201cThe banks will use the information from the crossexamination to pursue all available legal avenues to protect their rights and recover the outstanding loans owed to them.\u201d
<\/div><\/div>The Chinese banks sued Ambani in London for allegedly failing to repay $708 million of loans, including interests, for which he had been a personal guarantor.
Lawyer Bankim Thanki, representing the Chinese trio, reportedly asked if Ambani was living in a rent-free property owned by his elder brother, Reliance Industries<\/a> chairman Mukesh Ambani. Anil Ambani reportedly replied in the affirmative.
Read also<\/h3>
Lawyer Bankim Thanki, representing the Chinese trio, reportedly asked if Ambani was living in a rent-free property owned by his elder brother, Reliance Industries<\/a> chairman Mukesh Ambani. Anil Ambani reportedly replied in the affirmative.
Read also<\/h3><\/a><\/div>Anil Ambani discloses worldwide assets to UK court in Chinese banks case<\/h4><\/a><\/div><\/a><\/div>Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets<\/h4><\/a><\/div><\/div>
\u201cMy expenses are minimal and are being borne by (my) wife and family,\u201d he said during the fourhour cross-examination on his financial means. \u201cI don\u2019t have a lavish lifestyle, and no other income. I met legal expense by sale of jewellery, and if I have to meet further expenses, (it) will be subject to approval by the court to dispose of other assets.\u201d
On June 29, the high court ordered Ambani to file an affidavit detailing assets exceeding $100,000.
Just before the hearing on Friday, Ambani got an order that his financial documents should not be made available to a third party. Though he also sought that the matter be heard in private, the court denied the request. Ambani attended the hearing virtually.
<\/div><\/div>After the hearing, his spokesperson said, \u201cMr Anil Ambani has always been a simple man of simple tastes... Reports that suggest otherwise are completely misleading.\u201d
<\/div><\/div>
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Singhal, who has now been ousted from his company, and Ambani had questioned the validity of the provisions.","seolocation":"telecomnews\/government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law","seolocationalt":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","url_seo":"government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law"},"79523456":{"msid":"79523456","stname":"Ambanis are now twice as rich as the second wealthiest family in Asia","artsyn":"The pandemic had gutted the global economy and Mumbai-where the family lives in a 27-story skyscraper named Antilia-was in the midst of a surge in infections. But in the preceding weeks Ambani, 63, had struck deals with some of the world's leading tech giants to sell stakes in Reliance's digital venture. The next blizzard of fundraising announcements in his retail arm was just days away.","seolocation":"telecomnews\/ambanis-are-now-twice-as-rich-as-the-second-wealthiest-family-in-asia","seolocationalt":"Ambanis are now twice as rich as the second wealthiest family in Asia","url_seo":"ambanis-are-now-twice-as-rich-as-the-second-wealthiest-family-in-asia"},"78903584":{"msid":"78903584","stname":"MCA challenges Anil Ambani\u2019s stance on personal insolvency law","artsyn":"The Ministry of Corporate Affairs has told the Delhi high court that the personal insolvency law is not unconstitutional and the government had always intended to bring personal guarantors within the ambit of the Insolvency and Bankruptcy Code, people aware of the matter said.","seolocation":"telecomnews\/mca-challenges-anil-ambanis-stance-on-personal-insolvency-law","seolocationalt":"MCA challenges Anil Ambani\u2019s stance on personal insolvency law","url_seo":"mca-challenges-anil-ambanis-stance-on-personal-insolvency-law"},"78885258":{"msid":"78885258","stname":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","artsyn":"In July, the private lender had taken symbolic possession of the sprawling complex situated off the Western Express Highway and overlooking the Mumbai airport. The action was taken under the SARFAESI Act to recover dues of Rs 2,892 crore from Reliance Infrastructure.","seolocation":"telecomnews\/yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai","seolocationalt":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","url_seo":"yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai"},"78623005":{"msid":"78623005","stname":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","artsyn":"The Delhi High Court issued a notice to the State Bank of India (SBI) and others to seek their response on whether Chinese lenders should be impleaded in a case filed by Anil Ambani, where he is challenging the bankruptcy court\u2019s ruling to appoint an interim resolution professional (IRP) in the personal guarantee case.","seolocation":"telecomnews\/delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case","seolocationalt":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","url_seo":"delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case"},"78619836":{"msid":"78619836","stname":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","artsyn":"In the London case, the Chinese lenders argued that they provided funding to Ambani\u2019s Reliance Communications Ltd. in 2012 with the condition that he personally guarantee the debt. They have yet to receive any funds despite winning that ruling.","seolocation":"telecomnews\/court-sends-notice-to-chinese-banks-on-anil-ambanis-plea","seolocationalt":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","url_seo":"court-sends-notice-to-chinese-banks-on-anil-ambanis-plea"},"78377059":{"msid":"78377059","stname":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","artsyn":"Three Chinese banks said they will pursue all legal routes to recover $717 million (\u20b95,306 crore) from Anil Ambani, which the Reliance Group chairman was ordered to cough up by a UK court in May.","seolocation":"telecomnews\/will-take-all-legal-routes-to-recover-717m-chinese-banks","seolocationalt":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","url_seo":"will-take-all-legal-routes-to-recover-717m-chinese-banks"},"78357255":{"msid":"78357255","stname":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","artsyn":"The three Chinese banks to whom Anil Ambani owes more than $716 million (Rs 5,276 crore), as well as significant legal costs, have decided to pursue their rights against him on his worldwide assets, following the beleaguered Reliance Group chairman\u2019s English high court cross-examination on Friday.","seolocation":"telecomnews\/chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets","seolocationalt":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","url_seo":"chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets"},"78329372":{"msid":"78329372","stname":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","artsyn":"Indebted business tycoon Anil Ambani told a UK court on Friday that he lives a simple life, drives just one car and has sold his jewellery to pay his legal fees.","seolocation":"telecomnews\/anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case","seolocationalt":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","url_seo":"anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case"},"78164418":{"msid":"78164418","stname":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","artsyn":"The apex court further directed HC to consider the issue on October 6, adding that SBI is at liberty to seek modification of stay order.","seolocation":"telecomnews\/sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case","seolocationalt":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","url_seo":"sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case"},"77945783":{"msid":"77945783","stname":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","artsyn":"The progress of the case between State Bank of India (SBI) vs Anil Ambani (Respondent) is expected to lay the groundwork for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors (IRPPG).","seolocation":"telecomnews\/an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task","seolocationalt":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","url_seo":"an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task"},"77942858":{"msid":"77942858","stname":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","artsyn":"HC stayed NCLT order appointing IRP; lender had invoked personal guarantee clause.","seolocation":"telecomnews\/sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani","seolocationalt":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","url_seo":"sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani"},"77781474":{"msid":"77781474","stname":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","artsyn":"An Indian court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him from disposing of any of his assets.","seolocation":"telecomnews\/indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani","seolocationalt":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","url_seo":"indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani"}}}}" data-news-images="[{"msid":"78377064","msname":"Anil Ambani","msnameseo":"anil-ambani","mediatype":"1","artdate":"2020-08-27 14:38:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
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<\/a><\/div>Anil Ambani discloses worldwide assets to UK court in Chinese banks case<\/h4><\/a><\/div><\/a><\/div>Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets<\/h4><\/a><\/div><\/div>
\u201cMy expenses are minimal and are being borne by (my) wife and family,\u201d he said during the fourhour cross-examination on his financial means. \u201cI don\u2019t have a lavish lifestyle, and no other income. I met legal expense by sale of jewellery, and if I have to meet further expenses, (it) will be subject to approval by the court to dispose of other assets.\u201d
On June 29, the high court ordered Ambani to file an affidavit detailing assets exceeding $100,000.
Just before the hearing on Friday, Ambani got an order that his financial documents should not be made available to a third party. Though he also sought that the matter be heard in private, the court denied the request. Ambani attended the hearing virtually.
<\/div><\/div>After the hearing, his spokesperson said, \u201cMr Anil Ambani has always been a simple man of simple tastes... Reports that suggest otherwise are completely misleading.\u201d
<\/div><\/div>
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The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.","seolocation":"telecomnews\/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal","seolocationalt":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","url_seo":"lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal"},{"msid":"92562430","stname":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","artsyn":"Ambani\u2019s first-born, Akash, 30, will succeed him as chairman at India\u2019s No.1 wireless carrier Reliance Jio Infocomm Ltd. The patriarch, who resigned from the Infocomm board, will continue to helm Jio Platforms Ltd., which owns all digital assets including the telco. This is probably a stopgap arrangement until Jio Platforms, whose investors include Meta Platforms Inc. and Alphabet Inc., concludes its much-awaited initial public offering.","seolocation":"telecomnews\/how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly","seolocationalt":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","url_seo":"how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly"},{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. The RP, Anish Nanavaty backed by Deloitte, will obtain a fresh valuation and hold an auction of the assets, similar to the process followed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, they said.","seolocation":"telecomnews\/reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets","seolocationalt":"Reliance Communications resolution professional seeks buyers for non-core assets","url_seo":"reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets"},{"msid":"84058254","stname":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","artsyn":"In January 2019, Khurana joined the US-based technology company Oracle as strategic sales consulting lead for Asia Pacific and Japan region, and also previously worked with networking major Cisco as a CTO for India and SAARC region.","seolocation":"telecomnews\/gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal","seolocationalt":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","url_seo":"gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal"},{"msid":"83593833","stname":"Reliance Communications requests DoT to renew telecom licence for 20 years","artsyn":"The now defunct telecom company, previously owned by Anil Ambani, is currently being run by a resolution professional (RP) Deloitte as part of a bankruptcy process under the Insolvency and Bankruptcy Code (IBC).","seolocation":"telecomnews\/reliance-communications-requests-dot-to-renew-telecom-licence-for-20-years","seolocationalt":"Reliance Communications requests DoT to renew telecom licence for 20 years","url_seo":"reliance-communications-requests-dot-to-renew-telecom-licence-for-20-years"},{"msid":"81962067","stname":"Sebi imposes Rs 25 crore penalty on Ambani brothers, others","artsyn":"The regulator alleged that the 6.83 per cent stake, which was acquired by RIL\u2019s promoters together with persons acting in concert (PACs) in 2000, was in excess of the ceiling of 5 per cent prescribed in the takeover code.","seolocation":"telecomnews\/sebi-imposes-rs-25-crore-penalty-on-ambani-brothers-others","seolocationalt":"Sebi imposes Rs 25 crore penalty on Ambani brothers, others","url_seo":"sebi-imposes-rs-25-crore-penalty-on-ambani-brothers-others"},{"msid":"79525499","stname":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","artsyn":"The government and the Insolvency & Bankruptcy Board of India (IBBI) are set to challenge the position taken by Anil Ambani and former Bhushan Power and Steel chairman Sanjay Singhal, questioning the invocation of their personal guarantee. Singhal, who has now been ousted from his company, and Ambani had questioned the validity of the provisions.","seolocation":"telecomnews\/government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law","seolocationalt":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","url_seo":"government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law"},{"msid":"79523456","stname":"Ambanis are now twice as rich as the second wealthiest family in Asia","artsyn":"The pandemic had gutted the global economy and Mumbai-where the family lives in a 27-story skyscraper named Antilia-was in the midst of a surge in infections. But in the preceding weeks Ambani, 63, had struck deals with some of the world's leading tech giants to sell stakes in Reliance's digital venture. 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The action was taken under the SARFAESI Act to recover dues of Rs 2,892 crore from Reliance Infrastructure.","seolocation":"telecomnews\/yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai","seolocationalt":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","url_seo":"yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai"},{"msid":"78623005","stname":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","artsyn":"The Delhi High Court issued a notice to the State Bank of India (SBI) and others to seek their response on whether Chinese lenders should be impleaded in a case filed by Anil Ambani, where he is challenging the bankruptcy court\u2019s ruling to appoint an interim resolution professional (IRP) in the personal guarantee case.","seolocation":"telecomnews\/delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case","seolocationalt":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","url_seo":"delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case"},{"msid":"78619836","stname":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","artsyn":"In the London case, the Chinese lenders argued that they provided funding to Ambani\u2019s Reliance Communications Ltd. in 2012 with the condition that he personally guarantee the debt. They have yet to receive any funds despite winning that ruling.","seolocation":"telecomnews\/court-sends-notice-to-chinese-banks-on-anil-ambanis-plea","seolocationalt":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","url_seo":"court-sends-notice-to-chinese-banks-on-anil-ambanis-plea"},{"msid":"78377059","stname":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","artsyn":"Three Chinese banks said they will pursue all legal routes to recover $717 million (\u20b95,306 crore) from Anil Ambani, which the Reliance Group chairman was ordered to cough up by a UK court in May.","seolocation":"telecomnews\/will-take-all-legal-routes-to-recover-717m-chinese-banks","seolocationalt":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","url_seo":"will-take-all-legal-routes-to-recover-717m-chinese-banks"},{"msid":"78357255","stname":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","artsyn":"The three Chinese banks to whom Anil Ambani owes more than $716 million (Rs 5,276 crore), as well as significant legal costs, have decided to pursue their rights against him on his worldwide assets, following the beleaguered Reliance Group chairman\u2019s English high court cross-examination on Friday.","seolocation":"telecomnews\/chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets","seolocationalt":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","url_seo":"chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets"},{"msid":"78329372","stname":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","artsyn":"Indebted business tycoon Anil Ambani told a UK court on Friday that he lives a simple life, drives just one car and has sold his jewellery to pay his legal fees.","seolocation":"telecomnews\/anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case","seolocationalt":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","url_seo":"anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case"},{"msid":"78164418","stname":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","artsyn":"The apex court further directed HC to consider the issue on October 6, adding that SBI is at liberty to seek modification of stay order.","seolocation":"telecomnews\/sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case","seolocationalt":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","url_seo":"sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case"},{"msid":"77945783","stname":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","artsyn":"The progress of the case between State Bank of India (SBI) vs Anil Ambani (Respondent) is expected to lay the groundwork for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors (IRPPG).","seolocation":"telecomnews\/an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task","seolocationalt":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","url_seo":"an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task"},{"msid":"77942858","stname":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","artsyn":"HC stayed NCLT order appointing IRP; 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The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},"93626971":{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. 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This is probably a stopgap arrangement until Jio Platforms, whose investors include Meta Platforms Inc. and Alphabet Inc., concludes its much-awaited initial public offering.","seolocation":"telecomnews\/how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly","seolocationalt":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","url_seo":"how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly"},"90409326":{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. 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Singhal, who has now been ousted from his company, and Ambani had questioned the validity of the provisions.","seolocation":"telecomnews\/government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law","seolocationalt":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","url_seo":"government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law"},"79523456":{"msid":"79523456","stname":"Ambanis are now twice as rich as the second wealthiest family in Asia","artsyn":"The pandemic had gutted the global economy and Mumbai-where the family lives in a 27-story skyscraper named Antilia-was in the midst of a surge in infections. But in the preceding weeks Ambani, 63, had struck deals with some of the world's leading tech giants to sell stakes in Reliance's digital venture. 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<\/a><\/div>Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets<\/h4><\/a><\/div><\/div>
\u201cMy expenses are minimal and are being borne by (my) wife and family,\u201d he said during the fourhour cross-examination on his financial means. \u201cI don\u2019t have a lavish lifestyle, and no other income. I met legal expense by sale of jewellery, and if I have to meet further expenses, (it) will be subject to approval by the court to dispose of other assets.\u201d
On June 29, the high court ordered Ambani to file an affidavit detailing assets exceeding $100,000.
Just before the hearing on Friday, Ambani got an order that his financial documents should not be made available to a third party. Though he also sought that the matter be heard in private, the court denied the request. Ambani attended the hearing virtually.
<\/div><\/div>After the hearing, his spokesperson said, \u201cMr Anil Ambani has always been a simple man of simple tastes... Reports that suggest otherwise are completely misleading.\u201d
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"16.0","minfoseo":"16-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1601355799954","minfoseo":"1601355799954"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"517160931","minfoseo":"517160931"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"canonicalURL":{"minfo":"https:\/\/economictimes.indiatimes.com\/industry\/banking\/finance\/banking\/chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets\/articleshow\/78357722.cms","minfoseo":"https\/economictimes-indiatimes-com\/industry\/banking\/finance\/banking\/chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets\/articleshow\/78357722-cms"},"OriginalImageHeightPx":{"minfo":"600.0","minfoseo":"600-0"},"OriginalImageWidthPx":{"minfo":"800.0","minfoseo":"800-0"},"NumberOfCharacters":{"minfo":"1982.0","minfoseo":"1982-0"},"NumberOfWords":{"minfo":"321.0","minfoseo":"321-0"},"key":{"0":{"keyid":"9171","value":"Anil Ambani","smid":"0","keynameseo":"Anil-Ambani","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"6355199","value":"reliance industries","smid":"0","keynameseo":"reliance-industries","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"6527601","value":"Industrial and Commercial Bank of China","smid":"0","keynameseo":"Industrial-and-Commercial-Bank-of-China","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"330499","value":"Chinese banks","smid":"0","keynameseo":"Chinese-banks","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"252059","value":"China Development Bank","smid":"0","keynameseo":"China-Development-Bank","keytype":"","keycount":"totalcount","weightage":"20"},"6":{"keyid":"10924","value":"Ambani","smid":"0","keynameseo":"Ambani","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":[],"similarlytagged":[{"msid":"94822982","stname":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","artsyn":"Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs exceeding \u20b91,000 crore, are eligible to submit bids in bankruptcy settings. The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.","seolocation":"telecomnews\/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal","seolocationalt":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","url_seo":"lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal"},{"msid":"92562430","stname":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","artsyn":"Ambani\u2019s first-born, Akash, 30, will succeed him as chairman at India\u2019s No.1 wireless carrier Reliance Jio Infocomm Ltd. The patriarch, who resigned from the Infocomm board, will continue to helm Jio Platforms Ltd., which owns all digital assets including the telco. This is probably a stopgap arrangement until Jio Platforms, whose investors include Meta Platforms Inc. and Alphabet Inc., concludes its much-awaited initial public offering.","seolocation":"telecomnews\/how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly","seolocationalt":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","url_seo":"how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly"},{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. The RP, Anish Nanavaty backed by Deloitte, will obtain a fresh valuation and hold an auction of the assets, similar to the process followed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, they said.","seolocation":"telecomnews\/reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets","seolocationalt":"Reliance Communications resolution professional seeks buyers for non-core assets","url_seo":"reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets"},{"msid":"84058254","stname":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","artsyn":"In January 2019, Khurana joined the US-based technology company Oracle as strategic sales consulting lead for Asia Pacific and Japan region, and also previously worked with networking major Cisco as a CTO for India and SAARC region.","seolocation":"telecomnews\/gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal","seolocationalt":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","url_seo":"gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal"},{"msid":"83593833","stname":"Reliance Communications requests DoT to renew telecom licence for 20 years","artsyn":"The now defunct telecom company, previously owned by Anil Ambani, is currently being run by a resolution professional (RP) Deloitte as part of a bankruptcy process under the Insolvency and Bankruptcy Code (IBC).","seolocation":"telecomnews\/reliance-communications-requests-dot-to-renew-telecom-licence-for-20-years","seolocationalt":"Reliance Communications requests DoT to renew telecom licence for 20 years","url_seo":"reliance-communications-requests-dot-to-renew-telecom-licence-for-20-years"},{"msid":"81962067","stname":"Sebi imposes Rs 25 crore penalty on Ambani brothers, others","artsyn":"The regulator alleged that the 6.83 per cent stake, which was acquired by RIL\u2019s promoters together with persons acting in concert (PACs) in 2000, was in excess of the ceiling of 5 per cent prescribed in the takeover code.","seolocation":"telecomnews\/sebi-imposes-rs-25-crore-penalty-on-ambani-brothers-others","seolocationalt":"Sebi imposes Rs 25 crore penalty on Ambani brothers, others","url_seo":"sebi-imposes-rs-25-crore-penalty-on-ambani-brothers-others"},{"msid":"79525499","stname":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","artsyn":"The government and the Insolvency & Bankruptcy Board of India (IBBI) are set to challenge the position taken by Anil Ambani and former Bhushan Power and Steel chairman Sanjay Singhal, questioning the invocation of their personal guarantee. Singhal, who has now been ousted from his company, and Ambani had questioned the validity of the provisions.","seolocation":"telecomnews\/government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law","seolocationalt":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","url_seo":"government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law"},{"msid":"79523456","stname":"Ambanis are now twice as rich as the second wealthiest family in Asia","artsyn":"The pandemic had gutted the global economy and Mumbai-where the family lives in a 27-story skyscraper named Antilia-was in the midst of a surge in infections. But in the preceding weeks Ambani, 63, had struck deals with some of the world's leading tech giants to sell stakes in Reliance's digital venture. The next blizzard of fundraising announcements in his retail arm was just days away.","seolocation":"telecomnews\/ambanis-are-now-twice-as-rich-as-the-second-wealthiest-family-in-asia","seolocationalt":"Ambanis are now twice as rich as the second wealthiest family in Asia","url_seo":"ambanis-are-now-twice-as-rich-as-the-second-wealthiest-family-in-asia"},{"msid":"78903584","stname":"MCA challenges Anil Ambani\u2019s stance on personal insolvency law","artsyn":"The Ministry of Corporate Affairs has told the Delhi high court that the personal insolvency law is not unconstitutional and the government had always intended to bring personal guarantors within the ambit of the Insolvency and Bankruptcy Code, people aware of the matter said.","seolocation":"telecomnews\/mca-challenges-anil-ambanis-stance-on-personal-insolvency-law","seolocationalt":"MCA challenges Anil Ambani\u2019s stance on personal insolvency law","url_seo":"mca-challenges-anil-ambanis-stance-on-personal-insolvency-law"},{"msid":"78885258","stname":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","artsyn":"In July, the private lender had taken symbolic possession of the sprawling complex situated off the Western Express Highway and overlooking the Mumbai airport. The action was taken under the SARFAESI Act to recover dues of Rs 2,892 crore from Reliance Infrastructure.","seolocation":"telecomnews\/yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai","seolocationalt":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","url_seo":"yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai"},{"msid":"78623005","stname":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","artsyn":"The Delhi High Court issued a notice to the State Bank of India (SBI) and others to seek their response on whether Chinese lenders should be impleaded in a case filed by Anil Ambani, where he is challenging the bankruptcy court\u2019s ruling to appoint an interim resolution professional (IRP) in the personal guarantee case.","seolocation":"telecomnews\/delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case","seolocationalt":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","url_seo":"delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case"},{"msid":"78619836","stname":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","artsyn":"In the London case, the Chinese lenders argued that they provided funding to Ambani\u2019s Reliance Communications Ltd. in 2012 with the condition that he personally guarantee the debt. They have yet to receive any funds despite winning that ruling.","seolocation":"telecomnews\/court-sends-notice-to-chinese-banks-on-anil-ambanis-plea","seolocationalt":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","url_seo":"court-sends-notice-to-chinese-banks-on-anil-ambanis-plea"},{"msid":"78377059","stname":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","artsyn":"Three Chinese banks said they will pursue all legal routes to recover $717 million (\u20b95,306 crore) from Anil Ambani, which the Reliance Group chairman was ordered to cough up by a UK court in May.","seolocation":"telecomnews\/will-take-all-legal-routes-to-recover-717m-chinese-banks","seolocationalt":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","url_seo":"will-take-all-legal-routes-to-recover-717m-chinese-banks"},{"msid":"78357255","stname":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","artsyn":"The three Chinese banks to whom Anil Ambani owes more than $716 million (Rs 5,276 crore), as well as significant legal costs, have decided to pursue their rights against him on his worldwide assets, following the beleaguered Reliance Group chairman\u2019s English high court cross-examination on Friday.","seolocation":"telecomnews\/chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets","seolocationalt":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","url_seo":"chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets"},{"msid":"78329372","stname":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","artsyn":"Indebted business tycoon Anil Ambani told a UK court on Friday that he lives a simple life, drives just one car and has sold his jewellery to pay his legal fees.","seolocation":"telecomnews\/anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case","seolocationalt":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","url_seo":"anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case"},{"msid":"78164418","stname":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","artsyn":"The apex court further directed HC to consider the issue on October 6, adding that SBI is at liberty to seek modification of stay order.","seolocation":"telecomnews\/sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case","seolocationalt":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","url_seo":"sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case"},{"msid":"77945783","stname":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","artsyn":"The progress of the case between State Bank of India (SBI) vs Anil Ambani (Respondent) is expected to lay the groundwork for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors (IRPPG).","seolocation":"telecomnews\/an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task","seolocationalt":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","url_seo":"an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task"},{"msid":"77942858","stname":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","artsyn":"HC stayed NCLT order appointing IRP; lender had invoked personal guarantee clause.","seolocation":"telecomnews\/sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani","seolocationalt":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","url_seo":"sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani"},{"msid":"77781474","stname":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","artsyn":"An Indian court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him from disposing of any of his assets.","seolocation":"telecomnews\/indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani","seolocationalt":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","url_seo":"indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"9171","value":"Anil Ambani","smid":"0","keynameseo":"Anil-Ambani","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"6355199","value":"reliance industries","smid":"0","keynameseo":"reliance-industries","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6527601","value":"Industrial and Commercial Bank of China","smid":"0","keynameseo":"Industrial-and-Commercial-Bank-of-China","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"330499","value":"Chinese banks","smid":"0","keynameseo":"Chinese-banks","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"252059","value":"China Development Bank","smid":"0","keynameseo":"China-Development-Bank","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"10924","value":"Ambani","smid":"0","keynameseo":"Ambani","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"Industrial and Commercial Bank of China"},{"name":"China Development Bank"},{"name":"reliance industries"},{"name":"Chinese banks"},{"name":"Anil Ambani"},{"name":"Industry"},{"name":"Ambani"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["Anil Ambani","reliance industries","Industry","Industrial and Commercial Bank of China","Chinese banks","China Development Bank","Ambani"],"filterTags":[]},"breadcrumbTags":["Anil Ambani","reliance industries","Industry","Industrial and Commercial Bank of China","Chinese banks","China Development Bank","Ambani"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/will-take-all-legal-routes-to-recover-717m-chinese-banks\/78377059","associated":{"articles":{"94822982":{"msid":"94822982","stname":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","artsyn":"Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs exceeding \u20b91,000 crore, are eligible to submit bids in bankruptcy settings. The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},"93626971":{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.","seolocation":"telecomnews\/lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal","seolocationalt":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","url_seo":"lenders-to-anil-ambanis-ritl-ril-reach-takeover-deal"},"92562430":{"msid":"92562430","stname":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","artsyn":"Ambani\u2019s first-born, Akash, 30, will succeed him as chairman at India\u2019s No.1 wireless carrier Reliance Jio Infocomm Ltd. The patriarch, who resigned from the Infocomm board, will continue to helm Jio Platforms Ltd., which owns all digital assets including the telco. This is probably a stopgap arrangement until Jio Platforms, whose investors include Meta Platforms Inc. and Alphabet Inc., concludes its much-awaited initial public offering.","seolocation":"telecomnews\/how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly","seolocationalt":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","url_seo":"how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly"},"90409326":{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. The RP, Anish Nanavaty backed by Deloitte, will obtain a fresh valuation and hold an auction of the assets, similar to the process followed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, they said.","seolocation":"telecomnews\/reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets","seolocationalt":"Reliance Communications resolution professional seeks buyers for non-core assets","url_seo":"reliance-communications-resolution-professional-seeks-buyers-for-non-core-assets"},"84058254":{"msid":"84058254","stname":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","artsyn":"In January 2019, Khurana joined the US-based technology company Oracle as strategic sales consulting lead for Asia Pacific and Japan region, and also previously worked with networking major Cisco as a CTO for India and SAARC region.","seolocation":"telecomnews\/gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal","seolocationalt":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","url_seo":"gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal"},"83593833":{"msid":"83593833","stname":"Reliance Communications requests DoT to renew telecom licence for 20 years","artsyn":"The now defunct telecom company, previously owned by Anil Ambani, is currently being run by a resolution professional (RP) Deloitte as part of a bankruptcy process under the Insolvency and Bankruptcy Code (IBC).","seolocation":"telecomnews\/reliance-communications-requests-dot-to-renew-telecom-licence-for-20-years","seolocationalt":"Reliance Communications requests DoT to renew telecom licence for 20 years","url_seo":"reliance-communications-requests-dot-to-renew-telecom-licence-for-20-years"},"81962067":{"msid":"81962067","stname":"Sebi imposes Rs 25 crore penalty on Ambani brothers, others","artsyn":"The regulator alleged that the 6.83 per cent stake, which was acquired by RIL\u2019s promoters together with persons acting in concert (PACs) in 2000, was in excess of the ceiling of 5 per cent prescribed in the takeover code.","seolocation":"telecomnews\/sebi-imposes-rs-25-crore-penalty-on-ambani-brothers-others","seolocationalt":"Sebi imposes Rs 25 crore penalty on Ambani brothers, others","url_seo":"sebi-imposes-rs-25-crore-penalty-on-ambani-brothers-others"},"79525499":{"msid":"79525499","stname":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","artsyn":"The government and the Insolvency & Bankruptcy Board of India (IBBI) are set to challenge the position taken by Anil Ambani and former Bhushan Power and Steel chairman Sanjay Singhal, questioning the invocation of their personal guarantee. Singhal, who has now been ousted from his company, and Ambani had questioned the validity of the provisions.","seolocation":"telecomnews\/government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law","seolocationalt":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","url_seo":"government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law"},"79523456":{"msid":"79523456","stname":"Ambanis are now twice as rich as the second wealthiest family in Asia","artsyn":"The pandemic had gutted the global economy and Mumbai-where the family lives in a 27-story skyscraper named Antilia-was in the midst of a surge in infections. But in the preceding weeks Ambani, 63, had struck deals with some of the world's leading tech giants to sell stakes in Reliance's digital venture. 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The action was taken under the SARFAESI Act to recover dues of Rs 2,892 crore from Reliance Infrastructure.","seolocation":"telecomnews\/yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai","seolocationalt":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","url_seo":"yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai"},"78623005":{"msid":"78623005","stname":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","artsyn":"The Delhi High Court issued a notice to the State Bank of India (SBI) and others to seek their response on whether Chinese lenders should be impleaded in a case filed by Anil Ambani, where he is challenging the bankruptcy court\u2019s ruling to appoint an interim resolution professional (IRP) in the personal guarantee case.","seolocation":"telecomnews\/delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case","seolocationalt":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","url_seo":"delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case"},"78619836":{"msid":"78619836","stname":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","artsyn":"In the London case, the Chinese lenders argued that they provided funding to Ambani\u2019s Reliance Communications Ltd. in 2012 with the condition that he personally guarantee the debt. They have yet to receive any funds despite winning that ruling.","seolocation":"telecomnews\/court-sends-notice-to-chinese-banks-on-anil-ambanis-plea","seolocationalt":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","url_seo":"court-sends-notice-to-chinese-banks-on-anil-ambanis-plea"},"78377059":{"msid":"78377059","stname":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","artsyn":"Three Chinese banks said they will pursue all legal routes to recover $717 million (\u20b95,306 crore) from Anil Ambani, which the Reliance Group chairman was ordered to cough up by a UK court in May.","seolocation":"telecomnews\/will-take-all-legal-routes-to-recover-717m-chinese-banks","seolocationalt":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","url_seo":"will-take-all-legal-routes-to-recover-717m-chinese-banks"},"78357255":{"msid":"78357255","stname":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","artsyn":"The three Chinese banks to whom Anil Ambani owes more than $716 million (Rs 5,276 crore), as well as significant legal costs, have decided to pursue their rights against him on his worldwide assets, following the beleaguered Reliance Group chairman\u2019s English high court cross-examination on Friday.","seolocation":"telecomnews\/chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets","seolocationalt":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","url_seo":"chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets"},"78329372":{"msid":"78329372","stname":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","artsyn":"Indebted business tycoon Anil Ambani told a UK court on Friday that he lives a simple life, drives just one car and has sold his jewellery to pay his legal fees.","seolocation":"telecomnews\/anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case","seolocationalt":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","url_seo":"anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case"},"78164418":{"msid":"78164418","stname":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","artsyn":"The apex court further directed HC to consider the issue on October 6, adding that SBI is at liberty to seek modification of stay order.","seolocation":"telecomnews\/sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case","seolocationalt":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","url_seo":"sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case"},"77945783":{"msid":"77945783","stname":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","artsyn":"The progress of the case between State Bank of India (SBI) vs Anil Ambani (Respondent) is expected to lay the groundwork for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors (IRPPG).","seolocation":"telecomnews\/an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task","seolocationalt":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","url_seo":"an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task"},"77942858":{"msid":"77942858","stname":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","artsyn":"HC stayed NCLT order appointing IRP; lender had invoked personal guarantee clause.","seolocation":"telecomnews\/sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani","seolocationalt":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","url_seo":"sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani"},"77781474":{"msid":"77781474","stname":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","artsyn":"An Indian court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him from disposing of any of his assets.","seolocation":"telecomnews\/indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani","seolocationalt":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","url_seo":"indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani"}}}}" data-news-images="[{"msid":"78377064","msname":"Anil Ambani","msnameseo":"anil-ambani","mediatype":"1","artdate":"2020-08-27 14:38:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
赞助的故事
<\/div><\/div>After the hearing, his spokesperson said, \u201cMr Anil Ambani has always been a simple man of simple tastes... Reports that suggest otherwise are completely misleading.\u201d
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The central bank has further said that ARCs should not retain any control over the insolvent company after five years, thus indicating that it would have to find a buyer and exit the company in the medium term.","seolocation":"telecomnews\/rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions","seolocationalt":"RBI's new norms for ARCs may further delay Aircel & RCom debt resolutions","url_seo":"rbis-new-norms-for-arcs-may-further-delay-aircel-rcom-debt-resolutions"},{"msid":"93626971","stname":"Lenders to Anil Ambani's RITL, RIL reach takeover deal","artsyn":"Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. 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This is probably a stopgap arrangement until Jio Platforms, whose investors include Meta Platforms Inc. and Alphabet Inc., concludes its much-awaited initial public offering.","seolocation":"telecomnews\/how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly","seolocationalt":"How Mukesh Ambani will split his empire to avoid his father\u2019s folly","url_seo":"how-mukesh-ambani-will-split-his-empire-to-avoid-his-fathers-folly"},{"msid":"90409326","stname":"Reliance Communications resolution professional seeks buyers for non-core assets","artsyn":"The winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of its unencumbered assets, said the people. 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Singhal, who has now been ousted from his company, and Ambani had questioned the validity of the provisions.","seolocation":"telecomnews\/government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law","seolocationalt":"Government to challenge Anil Ambani\u2019s stance on personal guarantee law","url_seo":"government-to-challenge-anil-ambanis-stance-on-personal-guarantee-law"},{"msid":"79523456","stname":"Ambanis are now twice as rich as the second wealthiest family in Asia","artsyn":"The pandemic had gutted the global economy and Mumbai-where the family lives in a 27-story skyscraper named Antilia-was in the midst of a surge in infections. But in the preceding weeks Ambani, 63, had struck deals with some of the world's leading tech giants to sell stakes in Reliance's digital venture. 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The next blizzard of fundraising announcements in his retail arm was just days away.","seolocation":"telecomnews\/ambanis-are-now-twice-as-rich-as-the-second-wealthiest-family-in-asia","seolocationalt":"Ambanis are now twice as rich as the second wealthiest family in Asia","url_seo":"ambanis-are-now-twice-as-rich-as-the-second-wealthiest-family-in-asia"},"78903584":{"msid":"78903584","stname":"MCA challenges Anil Ambani\u2019s stance on personal insolvency law","artsyn":"The Ministry of Corporate Affairs has told the Delhi high court that the personal insolvency law is not unconstitutional and the government had always intended to bring personal guarantors within the ambit of the Insolvency and Bankruptcy Code, people aware of the matter said.","seolocation":"telecomnews\/mca-challenges-anil-ambanis-stance-on-personal-insolvency-law","seolocationalt":"MCA challenges Anil Ambani\u2019s stance on personal insolvency law","url_seo":"mca-challenges-anil-ambanis-stance-on-personal-insolvency-law"},"78885258":{"msid":"78885258","stname":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","artsyn":"In July, the private lender had taken symbolic possession of the sprawling complex situated off the Western Express Highway and overlooking the Mumbai airport. The action was taken under the SARFAESI Act to recover dues of Rs 2,892 crore from Reliance Infrastructure.","seolocation":"telecomnews\/yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai","seolocationalt":"Yes Bank starts physical takeover of Anil Ambani\u2019s Reliance Group HQ in Mumbai","url_seo":"yes-bank-starts-physical-takeover-of-anil-ambanis-reliance-group-hq-in-mumbai"},"78623005":{"msid":"78623005","stname":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","artsyn":"The Delhi High Court issued a notice to the State Bank of India (SBI) and others to seek their response on whether Chinese lenders should be impleaded in a case filed by Anil Ambani, where he is challenging the bankruptcy court\u2019s ruling to appoint an interim resolution professional (IRP) in the personal guarantee case.","seolocation":"telecomnews\/delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case","seolocationalt":"Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case","url_seo":"delhi-hc-issues-notices-to-sbi-others-in-anil-ambani-personal-guarantee-case"},"78619836":{"msid":"78619836","stname":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","artsyn":"In the London case, the Chinese lenders argued that they provided funding to Ambani\u2019s Reliance Communications Ltd. in 2012 with the condition that he personally guarantee the debt. They have yet to receive any funds despite winning that ruling.","seolocation":"telecomnews\/court-sends-notice-to-chinese-banks-on-anil-ambanis-plea","seolocationalt":"Court sends notice to Chinese banks on Anil Ambani\u2019s plea","url_seo":"court-sends-notice-to-chinese-banks-on-anil-ambanis-plea"},"78377059":{"msid":"78377059","stname":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","artsyn":"Three Chinese banks said they will pursue all legal routes to recover $717 million (\u20b95,306 crore) from Anil Ambani, which the Reliance Group chairman was ordered to cough up by a UK court in May.","seolocation":"telecomnews\/will-take-all-legal-routes-to-recover-717m-chinese-banks","seolocationalt":"Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani","url_seo":"will-take-all-legal-routes-to-recover-717m-chinese-banks"},"78357255":{"msid":"78357255","stname":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","artsyn":"The three Chinese banks to whom Anil Ambani owes more than $716 million (Rs 5,276 crore), as well as significant legal costs, have decided to pursue their rights against him on his worldwide assets, following the beleaguered Reliance Group chairman\u2019s English high court cross-examination on Friday.","seolocation":"telecomnews\/chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets","seolocationalt":"Chinese banks to start enforcement action against Anil Ambani\u2019s worldwide assets","url_seo":"chinese-banks-to-start-enforcement-action-against-anil-ambanis-worldwide-assets"},"78329372":{"msid":"78329372","stname":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","artsyn":"Indebted business tycoon Anil Ambani told a UK court on Friday that he lives a simple life, drives just one car and has sold his jewellery to pay his legal fees.","seolocation":"telecomnews\/anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case","seolocationalt":"Anil Ambani discloses worldwide assets to UK court in Chinese banks case","url_seo":"anil-ambani-discloses-worldwide-assets-to-uk-court-in-chinese-banks-case"},"78164418":{"msid":"78164418","stname":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","artsyn":"The apex court further directed HC to consider the issue on October 6, adding that SBI is at liberty to seek modification of stay order.","seolocation":"telecomnews\/sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case","seolocationalt":"SC dismisses SBI plea seeking vacation of stay on Anil Ambani bankruptcy case","url_seo":"sc-dismisses-sbi-plea-seeking-vacation-of-stay-on-anil-ambani-bankruptcy-case"},"77945783":{"msid":"77945783","stname":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","artsyn":"The progress of the case between State Bank of India (SBI) vs Anil Ambani (Respondent) is expected to lay the groundwork for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors (IRPPG).","seolocation":"telecomnews\/an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task","seolocationalt":"An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough task","url_seo":"an-insolvency-professional-explains-why-enforcing-anil-ambanis-personal-guarantee-is-a-tough-task"},"77942858":{"msid":"77942858","stname":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","artsyn":"HC stayed NCLT order appointing IRP; lender had invoked personal guarantee clause.","seolocation":"telecomnews\/sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani","seolocationalt":"SBI moves SC to vacate stay on recovering dues from Anil Ambani","url_seo":"sbi-moves-sc-to-vacate-stay-on-recovering-dues-from-anil-ambani"},"77781474":{"msid":"77781474","stname":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","artsyn":"An Indian court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him from disposing of any of his assets.","seolocation":"telecomnews\/indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani","seolocationalt":"Indian court halts insolvency proceedings against Reliance's Anil Ambani","url_seo":"indian-court-halts-insolvency-proceedings-against-reliances-anil-ambani"}}}}" data-news-images="[{"msid":"78377064","msname":"Anil Ambani","msnameseo":"anil-ambani","mediatype":"1","artdate":"2020-08-27 14:38:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
