Anil Ambani has suffered another setback. Bank of Baroda has declared the accounts of Reliance Communications Limited and Anil Ambani as ‘fraud’. This information was shared with the exchange on Thursday night. Let us tell you that the last few months have not been good for Anil Ambani. In such a situation, this move of Bank of Baroda has created new problems for him.
What is the matter? The company has said in the information given to the exchange that it received a letter on 2 September in the above case. In which the bank’s board has declared the loan accounts of the company and its promoter Anil Ambani as ‘fraud’. The company has said that it will seek legal advice in the matter. Also, the necessary steps will be taken in the coming time. The company said that the former director has denied all the allegations and allegations.
Waiting for approval from NCLT Reliance Communications is currently undergoing corporate insolvency process under the Insolvency and Prevention Code 2016. The committee of creditors has approved the Samadhan Yojana. The case was filed on 6 March 2020 in the National Company Law Tribunal. At present, NCLT is waiting for approval.
Anil Ambani has given an official statement. Anil Ambani has alleged targeting the entire case in an official statement. Ambani said, “Everyone knows that RCom has a union of 14 banks. After more than 10 years, select lenders have now decided to initiate proceedings in a systematic and select manner targeting Ambani.”
