{"id":16664,"date":"2020-08-22T02:56:47","date_gmt":"2020-08-22T02:56:47","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=16664"},"modified":"2020-08-22T02:56:47","modified_gmt":"2020-08-22T02:56:47","slug":"nclt-orders-insolvency-action-against-anil-ambani","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=16664","title":{"rendered":"NCLT orders insolvency action against Anil Ambani"},"content":{"rendered":"

<\/p>\n

\nAction towards recovery of \u20b91,200 crore.
\n<\/h2>\n<\/p>\n
\n

The NCLT Mumbai has directed insolvency proceedings against RCom chairman Anil Ambani to recover \u20b91,200 crore under the personal guarantee clause of the bankruptcy law.<\/p>\n

Mr. Ambani had given a personal guarantee to the loans given by SBI to RCom and Reliance Infratel in August 2016.<\/p>\n

The NCLT in its order on August 20, said both RCom and RITL committed default in repayment in and around January 2017. The accounts were retrospectively declared as non-performing with effect from August 26, 2016, even before loan agreements had been entered into. <\/p>\n

The NCLT ordered the appointment of a resolution professional and asked SBI to take necessary action. <\/p>\n

A spokesperson for Mr. Ambani said: \u201cMr. Ambani is reviewing the NCLT order and taking advice on filing an appropriate appeal before the NCLAT against the appointment of the resolution professional.\u201d <\/p>\n

The NCLT has declined SBI\u2019s request for a restriction on Mr. Ambani from dealing or appropriating his assets, to the prejudice of the interest of SBI, the spokesperson said.<\/p>\n<\/div>\n

\n
\n
\n
\n
\n

You have reached your limit for free articles this month.<\/p>\n

To get full access, please subscribe. <\/p>\n

Already have an account ? Sign in<\/a>\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Show Less Plan <\/p>\n<\/div>\n

\n

Subscription Benefits Include<\/h4>\n
\n
\n
\n<\/p>\n
\n
Today’s Paper<\/h6>\n

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Faster pages<\/h6>\n

Move smoothly between articles as our pages load instantly.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Unlimited Access<\/h6>\n

Enjoy reading as many articles as you wish without any limitations.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Dashboard<\/h6>\n

A one-stop-shop for seeing the latest updates, and managing your preferences.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Personalised recommendations<\/h6>\n

A select list of articles that match your interests and tastes.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Briefing<\/h6>\n

We brief you on the latest and most important developments, three times a day.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n

\n*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.\n<\/p>\n<\/div>\n<\/div>\n

\n
\n

A letter from the Editor<\/h3>\n\n

Dear subscriber,<\/p>\n

Thank you!<\/p>\n

Your support for our journalism is invaluable. It\u2019s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.<\/p>\n

The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.<\/p>\n

We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.<\/p>\n

Suresh Nambath<\/p>\n<\/div>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Action towards recovery of \u20b91,200 crore. The NCLT Mumbai has directed insolvency proceedings against RCom chairman Anil Ambani to recover \u20b91,200 crore under the personal guarantee clause of the bankruptcy law. Mr. Ambani had given a personal guarantee to the loans given by SBI to RCom and Reliance Infratel in […]<\/p>\n","protected":false},"author":1,"featured_media":16665,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-16664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/TH22BUANILAMBANI.jpeg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/16664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16664"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/16664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/16665"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}