Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group. | Photo Credit: PRASHANT WAYDANDE The board of Reliance Power Ltd of the Anil Ambani-led Reliance Group has approved the constitution of the Board of Management (BOM) comprising of the CEO, Key Managerial Personnel, and senior business leaders of the company for stronger governance, sharper […]
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Industrialist Anil Ambani. | Photo Credit: PTI Reliance Group chairman Anil Ambani has offered to appear before the Enforcement Directorate through “virtual means” following summons issued to him under the FEMA for Friday (November 14, 2025). A statement issued by a spokesperson of the 66-year-old businessman said he has written to the federal probe agency […]
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The CBI said it had registered a complaint after the State Bank of India claimed a loss of ₹2,929.05 crore resulting from alleged misappropriation by Reliance Communications and Anil Ambani. File. | Photo Credit: PTI The Bombay High Court on Friday (October 3, 2025) dismissed a petition filed by industrialist Anil Ambani challenging the State Bank […]
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File photo of Anil Ambani. | Photo Credit: PTI After the State Bank of India, Bank of India has classified the loan account of insolvent Reliance Communications as fraudulent and named its former director, tycoon Anil Ambani, citing alleged fund diversion in 2016, according to a regulatory filing. State-owned Bank of India granted a ₹700 […]
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Anil Ambani. File. | Photo Credit: Reuters State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as ‘fraud’ and is also in the process of lodging complaint with CBI, Parliament was informed on Monday (July 21, 2025). The entities were classified as fraud on June 13, 2025 in accordance […]
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The Canara Bank on Thursday (July 10, 2025) informed the Bombay High Court that it has withdrawn its order classifying as “fraudulent” the loan account of a firm linked to industrialist Anil Ambani. After the bank’s disclosure, a Bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Mr. Ambani […]
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The National Company Law Appellate Tribunal (NCLAT) on March 2, 2023 allowed a petition filed by lenders of Reliance Capital, seeking another round of auction for the debt-ridden firm undergoing insolvency proceedings. A two-member Bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate and […]
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Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. Following Dhirubhai’s death in 2002, Mr. […]
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