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Anil Ambani mounts last-ditch challenge to wrest back control of Reliance Naval

As part of this last-ditch effort, Ambani has moved to torpedo Mumbai-based industrialist Nikhil V. Merchant’s bid by questioning his eligibility to participate in the bidding for Reliance Naval.

United statesAnil ambaniPadmaja kaulCiti securities financial services pvt ltdNational company law appellate tribunalCoc committee of creditorsPipavav shipyardNational company law tribunalSwan energy ltdAmbani reliance infrastructure ltdEngineering ltdHazel mercantile ltdUnion bankReliance infrastructure ltdReliance navalReliance infrastructure

EXCLUSIVE: NCLT disqualifies Citi Securities as financial creditor of Reliance Naval

The NCLT held that assignment of debt with a “malafide intention cannot give an equivalent right with that of the unrelated financial creditors”.

United statesBhavesh gandhiNikhil gandhiAnil ambaniNational company law tribunalCommittee of creditors coCiti securities financial services pvt ltdReliance infrastructure ltdUnion bankEngineering ltdReliance navalCiti securitiesFinancial services pvt ltdBankruptcy codeState bankNikhil merchant

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