Chinese bank will try to get Anil Ambani's overseas property, find out about the case

-

London, Monday 28 September 2020

Three Chinese banks have decided to recover their arrears by seizing the assets of debt-ridden Anil Ambani abroad, which have lent about Rs 5,276 crore to Anil Ambani's companies.

The Industrial and Commercial Bank of China, the Export-Import Bank of China and the China Development Bank have decided that they will use their rights to take action against Anil Ambani, and try to get his property worldwide.

During the hearing in the case in Britain on Friday, Anil Ambani allegedly said that he had nothing left, and that he was making a living by selling his wife's jewelery.

What the banks' lawyers said

Anil Ambani is doing his best not to give a single penny to the lending banks, Thanki QC, a lawyer for Chinese banks, told a British court on Friday. After knowing his side on Friday, the banks have now decided to keep all possible options open for action against Anil Ambani, he said, adding that he would exercise his rights, and adopt all legal options.

How much is the debt of the banks on Anil Ambani?

In a May 22 order, a British court told Anil Ambani that it would pay Rs 5,276 crore to Chinese banks and Rs 7.04 crore in legal costs to three Chinese banks, adding interest, which had risen to Rs 5,281 crore by June.

According to a report, Anil Ambani was awaiting an affidavit in the case by a Chinese bank. Earlier, Anil Ambani had obtained an order from the court that his financial documents should not be given to any third party.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more