Govt banks to invoke personal guarantee of defaulters

Finance ministry advises banks to invoke personal guarantees of all promoters whose companies have gone to NCLT for debt resolution. IMAGE: Reliance Communications (RCom) chairman Anil Ambani......

India's telcos continue to dial the wrong number

India's telecom sector has been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies. India could go back to a private sector duopoly with......

Chinese banks face SBI hurdle in recovering Anil Ambani dues

With the State Bank of India moving the National Company Law Tribunal’s Delhi bench to enforce the personal guarantees of Ambani, it will delay the recovery of dues by the Chinese banks which......

How the loan default case against Anil Ambani is unfolding

The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay......