Categories
Business

UK Court directs Anil Ambani to pay $100 million to Chinese Banks

A UK court on Friday directed Reliance Group chairman Anil Ambani 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. In what is in effect a deposit to be paid into court […]

Categories
Business

Telecom operators need to pay up $13 billion to Indian Government after Top Court rejects review plea

In a major setback to telecom operators in India, the Supreme Court on Thursday rejected a plea seeking a review of its earlier order that allowed the government to collect dues worth ₹92,000 crore from them. “Applications for hearing in open court/oral hearing are rejected. Having perused the review petitions and the connected papers with […]