SBI moved the NCLT under Section 97(3) of Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional (RP). The bank is aiming to recover a sizeable amount from the personal guarantees made by Anil Ambani on loans to Reliance Communications, said a bank official.
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Thursday, June 11, 2020
SBI moves NCLT to recover Rs 1.2k-cr Reliance Communications loans from Anil Ambani
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