Sunday, August 23, 2020

NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs1,200 Crore Defaults of RCom, RTIL [Read Order]

The National Company Law Tribunal (NCLT)’s Mumbai bench has allowed State Bank of India (SBI) to initiate insolvency proceedings against Anil Ambani as a personal guarantor after two companies promoted by him failed to pay dues on Rs1,200 crore. This is the first insolvency proceedings against a chief of a business, who have given personal […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3aMTYgg

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