RCom loans: Anil Ambani claims no personal guarantee given to Chinese banks

Beleaguered businessman Anil Ambani on Tuesday claimed he had not given any personal guarantee for a borrowing made by Reliance Communications (RCom) from three Chinese banks against the backdrop of a UK court directing him to pay USD 717 million to the three lenders.

He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the the National Company Law Tribunal (NCLT) to recover Rs 1,200 crore.

In both the cases -- SBI and Chinese banks -- the borrowings have been done by a group company and are not personal, he said.

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