UK court dismisses Chinese bank plea for early order against Anil Ambani
UK High Court has dismissed an application filed by Industrial and Commercial Bank of China Limited for a 'summary judgement in its claims of USD 680 million against RCom Chairman Anil Ambani.
The hearing in the matter took place on November 7 and the conditional dismissal order for the "summary judgement application of Chinese banks against Anil Ambani" was issued on Monday.
A summary judgment request is a litigant's effort to bring early end to a lawsuit claiming that other party does not have a case at all.
The Chinese bank had moved the court in November against Anil Ambani for defaulting on loans of USD 680 million to Reliance Communications.
UK High Court Justice Waksman in the order said, "The application for summary judgment itself, however, is dismissed."
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