The woes of the head of debt-ridden Reliance Dhirubhai Ambani Group, Anil Ambani, are rising everyday. Now, the State Bank of India has approached the National Company Law Tribunal, citing the Personal Guarantee Act of Bankruptcy Law. SBI has registered a complaint with the NCLT, and demanded Rs 1,200 crore which was lent to Reliance Communications as a corporate loan under the Personal Guarantee Act. Senior economic journalist Paranjoy Guha Thakurta presents an analysis.
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Link of the recording of the 70-minute deposition on 14 February 2022 by Paranjoy Guha Thakurta to the Supreme Court-appointed committee headed by Justice (retired) R V Raveendran on allegations of misuse of the Israeli Pegasus spyware on Indian citizens: https://pegasus-india-investigation.in/depositions/paranjoy-guha-thakurta-statement/