Anil Ambani Debt

Anil Ambani denies 'fraud' allegations after Bank of India's move

These actions are contrary to the RBI regulations issued in July 2024, as well as to well-established law and the judgments of the Hon'ble Supreme Court and the Hon'ble Bombay High Court.

After SBI, Bank of India declares RCom, Anil Ambani's account fraudulent

After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a Rs 700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities. Half of the sanctioned amount disbursed in October 2016 was invested in a fixed deposit, which was not permitted as per the sanction letter, according to the bank's letter that RCom disclosed in a stock exchange filing. RCom said that it has on August 22 received a letter from Bank of India dated August 8 stating the bank's decision "to classify the loan accounts of the company, Anil Dhirajlal Ambani (promoter and erstwhile director of the company), and Manjari Ashok Kacker (erstwhile director of the company), as Fraud". Previously, State Bank of India

ED probe into Anil Ambani linked companies: What turns bad loan into fraud

As the Enforcement Directorate acts on a ₹3,000 crore loan case linked to Anil Ambani's group, here's how Indian law defines loan fraud and when defaults turn into criminal cases

SBI to label RCom loan account as 'fraud', names Anil Ambani in RBI report

State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect. SBI has decided to report the loan account of the company as 'fraud' and to report the name of Anil Ambani (erstwhile director of the company) to the RBI, as per the extant RBI guidelines, it said. As per the RBI guidelines, after a bank classifies an account as 'fraud', the lender should then report the fraud to RBI within 21 days of detection and also report the case to CBI/Police. According to the filing, Reliance Communications and its subsidiaries received a total loan of Rs 31,580 crore f

Sebi imposes Rs 1 cr fine on Anmol Ambani in Reliance Home Finance case

Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter. Additionally, the regulator levied a fine of Rs 15 lakh on Krishnan Gopalakrishnan, who was the Chief Risk Officer of Reliance Housing Finance. Both have been directed to pay the amount within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. The order came after Sebi, in August, barred Anil Ambani and 24 others from the securities market for five years in a case pertaining to diversion of Reliance Home Finance Ltd's funds. Also, a fine of Rs 25 crore was levied on him. In its order on Monday, Sebi noted that Anmol Ambani, who was on the board of Reliance Home Finance, had approved general-purpose corporate loans or GPCL loans, and that too after the company's board of directors had given clear direction not to go ahead

RPower up 5%, hits 7-yr high ahead of board meeting to consider fundraise

Reliance Power shares are quoting higher for the eighth straight trading day, having surged 29 per cent during the period.

Sebi ban on Anil Ambani, and his Reliance Group's many troubles: A timeline

Once ranked sixth-richest person in the world in 2008, Anil Ambani has faced numerous legal and financial hurdles, leading him to announce bankruptcy in a UK court in 2020

Anil Ambani's Reliance Infra says SC imposed no liability on company

Anil Ambani's Reliance Infrastructure Ltd on Wednesday said no liability has been imposed on it by the Supreme Court order that set aside a Rs 8,000-crore arbitral award that was granted in favour of Delhi Airport Metro Express Pvt Ltd (DAMEPL). Setting aside the award, the top court ordered DAMEPL to refund all sums previously paid by the Delhi Metro Rail in accordance with the arbitral award. DMRC had paid Rs 3,300 crore to DAMEPL. "Reliance Infrastructure wishes to clarify that the Order dated April 10, 2024, passed by the Supreme Court does not impose any liability on the company and the company has not received any money from DMRC / DAMEPL under the arbitral award," the firm said in a stock exchange filing. While DAMEPL is a subsidiary of Reliance Infrastructure, it is a separate entity and the liability falls on it.

Aditya Birla ARC leads race to buy Anil Ambani firm Vidarbha's debt

Firm is a Reliance Power subsidiary that owes Rs 2,569 cr as principal amount to banks

Hinduja Group dials lenders to raise $1 bn for Reliance Capital acquisition

The lenders that the Hinduja Group has reached out to include names like Farallon Capital, Oaktree, Ares Asia, and Cerberus

Deadline 14 days, but time to decide on admitting insolvency cases goes on

Resolution professional in Anil Ambani insolvency case says that it had been more than a year since a suit for recovery was filed against the businessman

SBI knocks on NCLT's doors to recover Rs 1,200 cr from Anil Ambani

The tribunal, presided over by BSV Prakash Kumar, on Thursday gave Ambani a week to file reply to the application.

Anil Ambani to pay $100 mn in conditional order for Chinese banks: UK court

Judge David Waksman did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove"

Three Chinese banks sue Anil Ambani for failing to repay $680-mn loan

The Mumbai branch of Industrial & Commercial Bank of China, China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani's Reliance Communications in 2012

Anil Ambani group plans $3.2-bn asset sales to pare big debt

Ambani is waging a war on debt. He said on June 11 that his Reliance Group repaid Rs 350 billion in the past 14 months through asset disposals.

NCLAT reserves order on admission of contempt plea against Anil Ambani

HSBC Daisy had moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel

Anil Ambani's asset sale expands

Aims to raise over $4.5 bn to help reduce group debt, at least 3 times that