UK court orders Anil Ambani to deposit $100 mn within 6 weeks in Chinese banks loan case
Shortpedia
Content Team
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Reliance Group chairman Anil Ambani was directed by a UK court on Friday to pay $100 million within six weeks towards a conditional order granted to three Chinese banks pursuing the recovery of over $680 million owed to them as part of a loan agreement. Judge David Waksman was not satisfied by Ambani's lawyers statement in his defence in which he argued that the businessman's net worth is now zero.
