Anil Ambani bankruptcy case: Delhi High Court notice to SBI – delhi hc issues

New Delhi: The Delhi High Court, which is probing the bankruptcy case of Reliance’s owner Anil Ambani, has now issued a notice to the State Bank of India (SBI).

The SBI has been issued a notice seeking information on whether Chinese banks should be prosecuted in connection with Anil Ambani’s petition.

Anil Ambani has filed an appeal challenging the bankruptcy judgment and the appointment of an Interim Relief Officer (IRP).

The Delhi High Court has issued notice to SBI as well as the Indian Bankruptcy Compensation Board (IBBI) and the corporate ministry.

The hearing of the case has been postponed to November 10.

In 2012, the company, owned by Anil Ambani, got a loan. A United Kingdom court hearing the case ruled on May 22.

On May 22, a UK court ruled that Anil Ambani should pay US $ 717 million to Chinese banks.

Anil Ambani has challenged the legal battle.

Harish Salve of Anil Ambani, Neeraj Kishan Kaul of SBI, Nirav Shah and Ryan D’Souza have argued. Additional Solicitor General Madhavi Diwan argued for the IBBI.