Anil ambani pay $ 717 million

UK court ordered Anil Ambani to pay $ 717 million to 21 Chinese banks in 21 days
Ambani has always claimed he made personal guarantees  which he dismisses as extraordinary personal obligations, but summary judgment means that a full investigation is no longer possible.
Anil ambani pay $ 717 million


Anil Ambani spokesperson said the decision would not affect Reliance Group's other activities. Reliance Communications filed for bankruptcy last year.

The spokesman said the Chinese banks had made their claim based on a claim that Mr. Ambani has not signed and no one has the authority to make any guarantee on his behalf.The amount payable on the basis of the stated guarantee will significantly reduce the likelihood of relying on the impending settlement of the communication.

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