Anil Ambani’s Telecom Defaults In Closely-Watched India Test – NDTV
Billionaire Anil Ambani controls mobile phone operator Reliance Communications The first default on US dollar bonds by an Indian company in 15 months may become a closely-watched test case for how international creditors will fare under the country’s new bankruptcy laws. Reliance Communications Ltd., the mobile phone operator controlled by billionaire Anil Ambani, failed to…