'I have nothing but your car now, Your Honor', pleads Anil Ambani in court

-


- Jewelry has to be sold for legal expenses

New Delhi Dated 26th September 2020 Saturday

Anil Ambani of Reliance Group, once considered one of the richest families in the country, is in dire financial straits. "I was paying the lawyers' fees by selling the family's jewelery," he said in response to a court request for details of his assets. I have nothing but a car now. My family was supported by other relatives.

Speaking to a court in England about his financial woes, Anil Ambani pleaded on Friday that he had nothing left. There is only one car. I was living life like a normal man.

Anil Ambani himself appeared before the Superior Court in London on Friday in a case of non-payment of debts of Chinese companies using a video link. The court questioned him for three consecutive hours. "Between January and June this year, I had to sell family jewelery worth Rs 9 crore 90 lakh to cover legal costs," Anil said.

Anil told the court that the media had spread rumors about my assets. I never had a Rolls-Royce car. I have a modest car. The media keeps spreading various rumors about me. The rest of my stay is like a normal man.

Meanwhile, the Industrial and Commercial Bank of China, Export and Import Bank of China as well as the China Development Bank have issued a statement saying that we will work out all legal options against Anil Ambani. On May 22 this year, a London court ordered Anil to pay Rs 5,281 crore in debt to Chinese companies and Rs 7 crore in legal expenses by June 12.


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