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RCom loans: Anil Ambani claims no personal guarantee given to Chinese banks

In both the cases -- SBI and Chinese banks -- the borrowings have been done by a group company and are not personal, he said

Anil Ambani
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On the case filed by SBI this month, Anil Ambani said the claim has arisen out of a guarantee given for a loan which was availed by RCom and Reliance Infratel Ltd (RITL) in 2016 to repay the Chinese banks and certain other Indian banks | File photo o

Press Trust of India New Delhi
Beleaguered businessman Anil Ambani on Tuesday claimed he had not given any personal guarantee for a borrowing made by Reliance Communications (RCom) from three Chinese banks against the backdrop of a UK court directing him to pay USD 717 million to the three lenders.
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the the National Company Law Tribunal (NCLT) to recover Rs 1,200 crore.
In both the cases -- SBI and Chinese banks -- the borrowings have been done by a group company and are not personal, he said.
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First Published: Jun 23 2020 | 6:20 PM IST

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