 "Anil Ambani's company, Reliance Telecon, slipped into insolvency in 2019. (Photo: Bloomberg)")
State Bank of India has filed an application in the National Company Law Tribunal (NCLT) to recover more than Rs 1,200 crore from Anil Ambani under the personal guarantee clause of the bankruptcy law.
Anil Ambani had given personal guarantee to the loans given to Reliance Communications and Reliance Infratel.
The tribunal, presided over by BSV Prakash Kumar, on Thursday gave Ambani a week to file reply to the application.
A spokesperson of Anil Ambani in a statement said: "The matter relates to
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