UK court orders Anil Ambani to pay USD 717mn to Chinese banks - Business News, Finance News, Share Market News - Market trendz

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Saturday, 23 May 2020

UK court orders Anil Ambani to pay USD 717mn to Chinese banks

At a remotely held hearing, in line with procedures in place for the COVID-19 pandemic, Justice Nigel Teare ruled at the Commercial Division of the High Court of England and Wales in London that a personal guarantee disputed by Ambani is binding on him. The matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing.

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