The statement said the order will be reviewed and challenged before appropriate legal forums
| Photo Credit:
greenleaf123
The National Company Law Tribunal (NCLT) has admitted two significant insolvency petitions filed by public sector lenders — State Bank of India and Canara Bank, marking a fresh escalation in legal and financial challenges involving entities linked to Anil Ambani and RInfra.
The Mumbai bench of the NCLT admitted State Bank of India’s insolvency plea against Anil Ambani in his role as a personal guarantor for loans extended to Reliance Communications and Reliance Infratel, with dues of around ₹1,200 crore. The loans, sanctioned in 2016,…