Anil Ambani, brother of telecom firm and Reliance Communications and brother of Mukesh Ambani, is facing more bankruptcy. A UK court has ordered the repayment of $ 71.7 billion in loans to Chinese banks. All three banks have to pay this amount. The amount is to be refunded within 21 days. The order has been issued to repay loans taken from various banks. The company borrowed more than $ 700 million from three Chinese banks in February 2012 alone. Anil Ambani appeals for bail The repayment of the loan has come to a standstill during the proceedings to declare RCom bankrupt With this, the banks approached the court.
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The banks were demanding that the money be repaid with interest.
Industrial and Commercial Bank of China, China Development Bank and Exim Bank of China have filed the suit. It is also noteworthy that the court heard online during the Kovid restrictions.