Industrialist Anil Ambani has approached the NCLAT to challenge a Mumbai NCLT order admitting State Bank of India’s personal insolvency plea. The case centers on an ₹853.25 crore claim linked to personal guarantees provided for Reliance Communications and Reliance Infratel loans. The appellate tribunal has adjourned the matter to July 10, 2026.
What Happened
Anil Ambani has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) seeking to overturn an order from the National Company Law Tribunal (NCLT) in Mumbai. The NCLT had earlier admitted a petition filed by the State Bank of India (SBI) to start personal insolvency proceedings against the industrialist. During the initial hearing on June 24, 2026, the NCLAT granted…